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Springer Central Bankers, Bureaucratic Incentives, and Monetary Policy

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Description

This Springer publication explores the theory of Federal Reserve behaviour beyond conventional normative analysis. Rather than examining what the Fed should do, this work investigates why the Fed behaves as it does, challenging the dominant assumption that central bankers act solely in the public interest. The book presents a rigorous positive analysis of Fed decision-making, incorporating bureaucratic incentives and institutional constraints that shape monetary policy outcomes. Essential reading for economists, policy analysts, and finance professionals seeking to understand the mechanisms underlying central bank actions and their profound effects on economic functioning.

Key Features

Published by Springer as part of the Financial and Monetary Policy Studies series, volume 13, providing authoritative academic analysis.

Examines positive theories of Federal Reserve behaviour rather than normative prescriptions about what policy should be.

Incorporates bureaucratic incentives and institutional factors into monetary policy analysis beyond public welfare assumptions.

Addresses the gap in economic literature by explaining the actual mechanisms driving Fed decision-making and policy implementation.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
30 November 1986
Listed Since
16 December 2006

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