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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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 46-2012)
Main Author:	Neuenkirch, Matthias
Format:	Work
Language:	English
Published:	2012
Subjects:	credibility inflation Wirtschaft reputation, Taylor rules. monetary policy Central bank governors Economics
Online Access:	PDF Full Text
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