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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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| Опубликовано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 46-2012) |
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| Главный автор: | |
| Формат: | Arbeit |
| Язык: | английский |
| Опубликовано: |
Philipps-Universität Marburg
2012
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| Предметы: | |
| Online-ссылка: | PDF-полный текст |
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MAGKS - Joint Discussion Paper Series in Economics