On December 12, 2019, Fed in Print will introduce its new platform for discovering content. Please direct your questions to Anna Oates

Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Appointing the median voter of a policy board
Christopher J. Waller

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.

Download Full text
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.
More from this series
JEL Classification:
Subject headings:
Keywords: Business cycles ; Economic policy
For corrections, contact 4D Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal