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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Appointing the median voter of a policy board
A description of a model which demonstrates that delegating monetary policy to an independent policy board with discretionary powers substantially reduces policy uncertainty while maintaining political accountability.
Cite this item
Christopher J. Waller, Appointing the median voter of a policy board, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 9802, 1998.
Keywords: Business cycles ; Economic policy
This item with handle RePEc:fip:fedcwp:9802
is also listed on EconPapers
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