Focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve Board members, this book answers three questions about the appointment process and its effects. First, do politicians influence monetary policy via Federal Reserve appointments? Second, who influences the process--only the President or the President and the Senate? Third, how is the structure of the Federal Reserve appointment process explained? The study extends the analysis of the Federal Reserve Board to the European Central bank.
Appointing Central Bankers
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Editorial Reviews
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"Appointing Central Bankers makes an important contribution to our understanding of appointment power dynamics and impact on monetary policy in the United States and the European Central Bank. It is a "must read" for students of these institutions and should become an important methodological reference for students of other central banks and other types of regulatory agencies."
Irwin L. Morris, Perspectives on Politics
Irwin L. Morris, Perspectives on Politics
Book Description
This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Fed members. The book attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy via Fed appointments? Second, who influences the process -- the President alone or both the President and the Senate? Third, what explains the structure of the Fed appointment process? The study extends the analysis of the Fed to the European Central bank.
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Inside This Book
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First Sentence:
Central banks are often independent, but the degree of independence varies among the banks and over time. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
presidential anticipation, nonunique correspondences, ideal point estimates, direct hypothesis tests, monetary policy preferences, policy through appointments, new policy point, real federal funds rate, national bank governors, nonmember institutions, tighter policy, large financiers, reserve bank presidents, anticipation model, appointment structure, equilibrium policy, presidential dominance, easier policy, reversion point, appointment opportunities, appointment opportunity, clearinghouse associations, appointment power, influence monetary policy, country bankers Key Phrases - Capitalized Phrases (CAPs): (learn more)
Governing Council, New York, Aldrich Bill, Council of Ministers, Head of State, Senate Banking Committee, Federal Reserve Act, Federal Reserve System, European Parliament, United States, Supreme Court, Federal Reserve Board, Maastricht Treaty, Fowler Bill, European Council, National Reserve Association, United Kingdom, Financial Times, Corrected R-squared, Federal Open Market Committee, National Banking Act, Regression Results Dependent Variable, Senate Committee, Standard Error of the Regression, Sum of Squared Residuals New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Central banks are often independent, but the degree of independence varies among the banks and over time. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
presidential anticipation, nonunique correspondences, ideal point estimates, direct hypothesis tests, monetary policy preferences, policy through appointments, new policy point, real federal funds rate, national bank governors, nonmember institutions, tighter policy, large financiers, reserve bank presidents, anticipation model, appointment structure, equilibrium policy, presidential dominance, easier policy, reversion point, appointment opportunities, appointment opportunity, clearinghouse associations, appointment power, influence monetary policy, country bankers Key Phrases - Capitalized Phrases (CAPs): (learn more)
Governing Council, New York, Aldrich Bill, Council of Ministers, Head of State, Senate Banking Committee, Federal Reserve Act, Federal Reserve System, European Parliament, United States, Supreme Court, Federal Reserve Board, Maastricht Treaty, Fowler Bill, European Council, National Reserve Association, United Kingdom, Financial Times, Corrected R-squared, Federal Open Market Committee, National Banking Act, Regression Results Dependent Variable, Senate Committee, Standard Error of the Regression, Sum of Squared Residuals New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 44
books:
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12
books
cite this book:
See all 12 books citing this book
- The Political Economy of American Monetary Policy by Thomas Mayer in Back Matter (1), Back Matter (2), and Back Matter (3)
- Can the Government Govern? by John E. Chubb in Back Matter (1), and Back Matter (2)
- Monetary and Fiscal Policy: Credibility v. 1 by Torsten Persson in Back Matter
- Individuals, Institutions, and Markets (Political Economy of Institutions and Decisions) by C. Mantzavinos in Index
- Modern Political Economy: Old Topics, New Directions (Political Economy of Institutions and Decisions) by Jeffrey S. Banks in Front Matter
See all 44 books this book cites
- Election Timing (Political Economy of Institutions and Decisions) by Alastair Smith in Front Matter
- Delegation and Agency in International Organizations (Political Economy of Institutions and Decisions) by Darren G. Hawkins in Front Matter
- The Political Economy of Poland's Transition: New Firms and Reform Governments (Political Economy of Institutions and Decisions) by John E. Jackson in Front Matter
- Globalization, Politics, and Financial Turmoil: Asia's Banking Crisis (Political Economy of Institutions and Decisions) by Shanker Satyanath in Front Matter
- The European Union Decides (Political Economy of Institutions and Decisions) by Robert Thomson in Front Matter
See all 12 books citing this book
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