Private goals and monetary policy: inflation and resignations from the Federal Reserve Board

J.b Crihfield and J.H. Wood
Additional contact information
J.b Crihfield: Barents Group
J.H. Wood: Wake Forest University

Banca Nazionale del Lavoro Quarterly Review, 1995, vol. 48, issue 195, 441-460

Abstract: The nature of and need to understand economic regulation are discussed. The paper presents further evidence on the relationship between monetary policy and the personal costs and benefits of inflation to central bankers. It is found that resignations from the Federal Reserve Board have been connected to significantly substantial deteriorations in Board salaries in relation to private sector incomes caused by above-average inflation. This is especially true of members whose job backgrounds and ages have allowed easiest access to substantial private incomes.

Keywords: Analysis; Compensation and benefits; United States. Federal Reserve Board; Monetary policy; Bankers (search for similar items in EconPapers)
JEL-codes: E52 (search for similar items in EconPapers)
Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10500/10387 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:bnlqrr:1995:44

Ordering information: This journal article can be ordered from
http://www.economiacivile.it

Access Statistics for this article

Banca Nazionale del Lavoro Quarterly Review is currently edited by Alessandro Roncaglia

More articles in Banca Nazionale del Lavoro Quarterly Review from Banca Nazionale del Lavoro
Bibliographic data for series maintained by Carlo D'Ippoliti ().