EconPapers    
Economics at your fingertips  
 

Median Voter Preferences, Central Bank Independence and Conservatis

Francesco Lippi

Working Papers from Banca Italia - Servizio di Studi

Abstract: This paper studies how the independence and conservatism of a central bankrelate to the structure and stability of median voter preferences. This is done by means of a model of endogenous delegation in which an opportunistic policy-maker chooses the monetary regime (independence and conservatism) to maximise the welfare of median voter.

Keywords: CENTRAL BANKS; ELECTIONS; MEDIAN VOTER (search for similar items in EconPapers)
JEL-codes: D72 D73 E58 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Median Voter Preferences, Central Bank Independence and Conservatism (2000) Downloads
Working Paper: Median Voter Preferences, Central Bank Independence and Conservatism (1999) Downloads
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:fth:banita:351

Access Statistics for this paper

More papers in Working Papers from Banca Italia - Servizio di Studi Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().

 
Page updated 2019-07-22
Handle: RePEc:fth:banita:351