Central bank accountability and independence: Are they inconsistent?

被引：2
|
作者：
Hetzel, Robert L. [1 ]
机构：
[1] Fed Reserve Bank Richmond, Richmond, VA 23261 USA
来源：
JOURNAL OF MACROECONOMICS | 2012年 / 34卷 / 03期
关键词：
Central bank; Monetary policy; Political economy of money; Federal Reserve System;
D O I：
10.1016/j.jmacro.2012.02.010
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The language of discretion offers little information about monetary policy beyond the assurance that policymakers always "do the right thing at the right time". This language renders problematic the reconciliation of central bank independence with accountability. Monetary policymakers should articulate an analytical framework using the language of economics that allows them to respond to the question, "What variables does the central bank control and how does it exercise that control". (C) 2012 Elsevier Inc. All rights reserved.
引用
收藏
页码：616 / 625
页数：10
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