Download This PaperAn Argument in Favor of Long Terms for Central Bankers
12 Pages Posted: 3 Jul 2013
Date Written: July 1, 2013
Abstract
We draw on the canonical New Keynesian model to assess the consequences of the central bankers’ term length for the government’s appointment decision. We show that longer terms induce the government to appoint more conservative central bankers, which is conducive to welfare.
Keywords: term length, conservative central banker, New Keynesian model
JEL Classification: E58
Suggested Citation: Suggested Citation
Hahn, Volker, An Argument in Favor of Long Terms for Central Bankers (July 1, 2013). Available at SSRN: https://ssrn.com/abstract=2289092 or http://dx.doi.org/10.2139/ssrn.2289092
Here is the Coronavirus
related research on SSRN
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.
