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Description - Appointing Central Bankers by Kelly H. Chang

This book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political battles between the Democrats and Republicans regarding the centralization of authority to set monetary policy within the Federal Reserve System. The study extends the analysis to the European Central Bank and shows that the Federal Reserve process is more representative of society than the European Central Bank process.

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Book Details

ISBN: 9780521029841
ISBN-10: 0521029848
Format: Paperback
(228mm x 152mm x 13mm)
Pages: 176
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Jun-2006
Country of Publication: United Kingdom

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Books By Kelly H. Chang

Appointing Central Bankers by Kelly H. Chang
Hardback, August 2003
$126.00