Cultural Differences in Monetary Policy Preferences

Adriel Jost

No 2018-02, Working Papers from Swiss National Bank

Abstract: The monetary policy preferences of a population are often explained by the country’s economic history. Based on Swiss data, this paper indicates that while different language groups may share the economic history, they demonstrate distinct monetary policy preferences. This suggests that distinct monetary policy preferences among the populations of different countries may be determined by not only their economic histories but also their distinct cultural backgrounds.

Keywords: Inflation preferences; Culture; Monetary policy (search for similar items in EconPapers)
JEL-codes: D01 E31 E52 E58 Z13 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2018
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:snb:snbwpa:2018-02

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