Establishing a Hawkish Reputation: Interest Rate Setting by Newly Appointed Central Bank Governors

In this paper, we explore the interest rate setting behavior of newly appointed central bank governors. We use the Kuttner and Posen (2010) sample, which covers 15 OECD countries, and estimate an augmented Taylor (1993) rule for the period 1974–2008. We find, first, that newly appointed governors fi...

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-д хадгалсан:
Номзүйн дэлгэрэнгүй
-д хэвлэсэн:MAGKS - Joint Discussion Paper Series in Economics (Band 46-2012)
Үндсэн зохиолч: Neuenkirch, Matthias
Формат: Arbeit
Хэл сонгох:англи
Хэвлэсэн: Philipps-Universität Marburg 2012
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MAGKS - Joint Discussion Paper Series in Economics