the politics of monetary policy in the United States and the European Monetary Union /
Kelly H. Chang.
New York :
Cambridge University Press,
2003.
1 online resource (xiv, 160 pages) :
illustrations
Political economy of institutions and decisions
Based on the author's thesis (doctoral)--Stanford University.
Includes bibliographical references (pages 147-156) and index.
A formal model of the appointment process -- Estimating monetary policy preferences -- Empirically testing the model's predictions -- Appointments to the European Central Bank -- The origins of the Federal Reserve appointment process -- Conclusions.
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This book attempts to answer three questions. Do politicians influence monetary policy via Fed appointments? Who influences the process - the President alone or both the President and the Senate? What explains the structure of the Fed appointment process?