Goal-independent central banks : why politicians decide to delegate / prepared by Christopher Crowe.

A motivation for central bank independence (CBI) is that policy delegation helps politicians manage diverse coalitions. This paper develops a model of coalition formation that predicts when delegation will occur. An analysis of policy preferences survey data and CBI indicators supports the predictio...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Crowe, Christopher (Author)
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, 2006.
Series:	IMF working paper ; WP/06/256.
Subjects:	Banks and banking, Central. Monetary policy.