2 research outputs found

    The effect of banking supervision on central bank preferences: Evidence from panel data

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    We examine the effects of banking supervisory architecture on central bank preferences, quantified through a recently proposed measure of central bank conservatism. Using a dynamic panel data specification we document that central banks serving both monetary policy and banking supervision functions are less inflation conservative than those with only a price stability mandate. © 2015 Elsevier B.V

    Macroeconomic Ideas and Business Cycles: One Size Doesnnt Fit All

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