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Item Details
Title: APPOINTING CENTRAL BANKERS
THE POLITICS OF MONETARY POLICY IN THE UNITED STATES AND THE EUROPEAN MONETARY UNION
By: Kelly H. Chang, Randall Calvert, Thrainn Eggertsson
Format: Paperback

List price: £30.99
Our price: £27.12
Discount:
12.5% off
You save: £3.87
ISBN 10: 0521029848
ISBN 13: 9780521029841
Availability: Usually dispatched within 1-3 weeks.
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Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 29 June, 2006
Series: Political Economy of Institutions and Decisions
Pages: 176
Description: This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members.
Synopsis: This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political battles between the Democrats and Republicans regarding the centralization of authority to set monetary policy within the Federal Reserve System. The study extends the analysis to the European Central Bank and shows that the Federal Reserve process is more representative of society than the European Central Bank process.
Illustrations: 14 b/w illus. 31 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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