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Central bankers, bureaucratic incentives, and monetary policy

Author: Eugenia Froedge Toma; Mark Toma
Publisher: Dordrecht ; Boston : Kluwer Academic Publishers, 1986.
Series: Financial and monetary policy studies, 13.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

Positive work on the Fed has usually tried to elucidate particular Fed policies, and has not tried to present a theory of why the Fed behaves the way it does. The dominant theory of Fed behavior is  Read more...

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Genre/Form: Aufsatzsammlung
Additional Physical Format: Online version:
Central bankers, bureaucratic incentives, and monetary policy.
Dordrecht ; Boston : Kluwer Academic Publishers, 1986
(OCoLC)988220493
Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Eugenia Froedge Toma; Mark Toma
ISBN: 9024733669 9789024733668 9024726050 9789024726059
OCLC Number: 13642887
Description: xiv, 251 pages : illustrations ; 25 cm.
Contents: 1. Central Bankers, Bureaucratic Incentives, and Monetary Policy: An Introduction.- I. Structure of Central Bank Financing and Bureaucratic Rents.- 2. Monetary Policy: Theory and Practice.- 3. Inflationary Bias of the Federal Reserve System: A Bureaucratic Perspective.- 4. Preliminary Evidence on the Use of Inputs in the Federal Reserve System.- 5. Human Capital and Bureaucratic Inertia: The Use of Inputs by the Federal Reserve.- II. The Organization of Central Bank Bureaus and the Problems of Control.- 6. The Choice of Monetary Instruments and the Theory of Bureaucracy.- 7. Bureaucratic Theory and the Choice of Central Bank Goals.- 8. Research Activities and Budget Allocations Among Federal Reserve Banks.- 9. Banking Sector Influence on the Relationship of Congress to the Federal Reserve System.- III. Political Pressures, Bureaucratic Incentives, and Monetary Policy.- 10. Politics and Fed Policymaking.- 11. Central Bank Independence: An International Comparison.- 12. A Private Central Bank: Some Olde English Lessons.- IV. Conclusion.- 13. Central Bankers and the Issue of Independence.- Contributors.
Series Title: Financial and monetary policy studies, 13.
Responsibility: edited by Eugenia Froedge Toma, Mark Toma.

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`The papers are well written and are of high quality: the studies are lucid, the numerical work is well documented, and some of the papers are quite provocative. The book will be of interest to Read more...

 
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