Title of article
Politics andtheFed
Author/Authors
Allan H. Meltzer، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
10
From page
39
To page
48
Abstract
In thestandardpolicymodel,apolicymakeroptimizesthewelfareofarepresentative
agent.Inpractice,policiesarechoseninapoliticalprocessbyagentselectedbyvoters.
Drawingonevidencefrommytwo-volumehistoryoftheFederalReserve,thepaper
reportsmanyexamplesofdecisionsinfluencedbypoliticalpressures.Thehistoryshows
that themeaningoftheindependenceoftheFederalReservechangedovertime
reflectingpoliticalinfluences
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846453
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