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GENDER AND CENTRAL BANKING

Ibrahima Diouf and Dominique Pépin ()
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Ibrahima Diouf: CRIEF - Centre de Recherche sur l'Intégration Economique et Financière - Université de Poitiers

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Abstract: Female Central Bank chairs represent but a tiny minority. To understand why, this article analyzes socioeconomic and socio-political characteristics of the countries where females have chaired Central Banks. Then, it suggests that gender differences in preferences as regards monetary policy goals may have some influence. This hypothesis is based on an empirical analysis showing that female Central Bank chairs focus more than their male colleagues on achieving the price stability goal. This means, then, that females are more resistant than males to political pressures. Finally, it concludes that gender differences in degree of conservatism, may be an explanatory factor in female underrepresentation in the Central Bank chairs.

Keywords: monetary policy; Central Bank; gender gap; preference parameters; female; conservatism (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-gen and nep-mon
Date: 2017-02
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01224266v3
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Published in Economic Modelling, Elsevier, 2017, 61, pp.193-206. ⟨10.1016/j.econmod.2016.12.006⟩

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Journal Article: Gender and central banking (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01224266

DOI: 10.1016/j.econmod.2016.12.006

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