The Politics of Monetary Policy
The Politics of Monetary Policy
复制标题
货币政策政治
DOI：
--
复制
发表时间：
2010
期刊：
影响因子：
--
通讯作者：
Andréa Stella
中科院分区：
文献类型：
--
作者：
A. Alesina;Andréa Stella
在本文中，我们批判性地回顾了货币政策的政治经济学文献，着眼于最近的金融危机所提出的问题。我们开始讨论规则与自由裁量权。然后，我们研究了中央银行在正常时期和危机时期的独立性问题。然后，我们回顾了选举操纵政策的文献。最后，我们解决国际制度问题的可行性，最优性和政治可持续性的货币联盟中，一个以上的国家共享同一种货币。本文最后简要回顾了欧洲的经验。
In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of Central Banks independence both in normal times, in times of crisis. Then we review the literature of electoral manipulation of policies. Finally we address international institutional issues concerning the feasibility, optimality and political sustainability of currency unions in which more than one country share the same currency. A brief review of the Euro experience concludes the paper.