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Central Bank Independence
Central Bank Independence
8 papers tracked
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Political Pressure on the FedThomas Drechsel
This paper combines a hand-collected archival data set of over 800 personal interactions between U.S. Presidents and Federal Reserve officials from 1933 to 2016 with a narrative structural VAR to …
The Ends of Four Big InflationsThomas J. Sargent
This paper studies the abrupt endings of four post-World War I European hyperinflations -- in Austria, Hungary, Poland, and Germany -- arguing that each stopped suddenly and at a comparatively low …