The politics of monetary policy
By: Alberto F. Alesina, Andrea Stella
Contributors: Stella, Andrea; National Bureau of Economic Research
Series: NBER working paper series -- working paper 15856; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15856.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis.  We begin with a discussion of rules versus discretion.  We then examine the issue of Central Banks independence both in normal times and in times of crisis.  Then we review the literature of electoral manipulation of policies.  Finally we address international institutional issues concerning the feasibility, optimality and political sustainability of currency unions in which more than one country share the same currency.  A brief review of the Euro experience concludes the paper"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/6/2010.

Includes bibliographical references.

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Mode of access: World Wide Web.