Original paper
Government Ideology and Monetary Policy in OECD Countries
Abstract
We examine the extent to which government ideology has influenced monetary policy in OECD countries since the 1970s. In line with important changes in the global econ-omy and differences across countries, regression results yield heterogeneous infer-ences depending on the time period and the exchange rate regime/central bank de-pendence of the countries in the sample. Over the 1972-2010 period, Taylor rule speci-fications do not suggest a...
Paper Details
Title
Government Ideology and Monetary Policy in OECD Countries
Published Date
Jan 1, 2019
Journal
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Notes
History