An Argument in Favor of Long Terms for Central BankersEconomics Letters (2014)
AbstractDrawing on the canonical New Keynesian model, we assess the impact of central bankers’ term duration on governments’ appointment choices. We show that longer terms induce the government to appoint more conservative central bankers, which is socially desirable.
- term length,
- conservative central banker,
- New Keynesian model
Publication DateJanuary, 2014
Citation InformationVolker Hahn. "An Argument in Favor of Long Terms for Central Bankers" Economics Letters Vol. 112 Iss. 2 (2014)
Available at: http://works.bepress.com/volker_hahn/3/