208
Views
12
CrossRef citations to date
0
Altmetric
Original Articles

Interests and 'Independence': The European Central Bank and the theory of bureaucracy

Pages 51-69 | Published online: 21 Jul 2010

  • Acheson , K. and Chant , J. 1972 . The choice of monetary policy instruments and the theory of bureaucracy . Public Choice , 12 : 13 – 33 .
  • Acheson , K. and Chant , J. 1973a . Bureaucratic theory and the choice of central bank goals . Journal of Money Credit and Banking , 5 : 637 – 655 .
  • Acheson , K. and Chant , J. 1973b . Mythology and central banking . Kyklos , 26 : 362 – 379 .
  • Amtenbrink , F. 1999 . The Democratic Accountability of Central Banks: a comparative study of the European central bank , Oxford and Portland : Hart .
  • Barro , R. and Gordon , D. 1983 . A positive theory of monetary policy in a natural rate model . Journal of Political Economy , 91 : 589 – 610 .
  • Begg , D. , De Grauwe , P. , Giavazzi , F , Uhlig , H. and Wyplosz , C. 1998 . The ECB: Safe at any speed? Monitoring the European Central Bank 1 , London : CEPR .
  • Begg , I. and Green , D. 1998 . “ The political economy of the European Central Bank' ” . In The Political Economy of Central Banking , Edited by: Ariestis , P. and Sawyer , M. Cheltenham : Elgar .
  • Bibow , J. 2001 . The markets vs. the ECB, and the euro's plunge . Eastern Economic Journal , forthcoming
  • Bibow , J. 2002 . The monetary policies of the ECB and the euro's (mal-)performance: a stability oriented assessment . International Review of Applied Economics , this issue
  • Blanchard , O. and Fischer , S. 1989 . Lectures on Macroeconomics , Cambridge, MA : MIT .
  • Blinder , A. 1997 . What central bankers can learn from Academics - and vice versa . Journal of Economic Perspectives , 11 : 3 – 19 .
  • Blinder , A. 1999 . Central Banking in Theory and Practice , Cambridge, MA : MIT Press .
  • Brunner , K . 1981 . “ The Art of Central Banking ” . In Geld, Banken und Versicherungen Edited by: Göppl , H. and Henn , R. vol. 1 , Königstein
  • Burke , E. 1780 . In The Writings and Speeches of Edmund Burke , Edited by: Langford , P. , Elofson , W. and Woods , J. Vol. III , 623 – 663 . Oxford : Oxford University Press . 1996
  • De Haan , J. 1999 . Comment on Border The case for an independent European central bank: a reassessment . European Journal of Political Economy , 15 : 758 – 762 .
  • De Haan , J. and Eijffinger , S. 2000 . The democratic accountability of the European Central Bank: a comment on two fairy-tales . Journal of Common Market Studies , 38 : 393 – 407 .
  • Duisenberg , W . 19 November 1999 . “ Transcript of discussion at the Committee on Economic and Monetary Affairs of the European Parliament ” . 19 November , 1999
  • ECB , ed. 2001 . The Monetary Policy of the ECB , Frankfurt : European Central Bank .
  • Emerson , M , Gros , D. , Italianer , A. , Pisani-Ferry , J. and Reichenbach , H. 1992 . One Market, One Money , Oxford : Oxford University Press .
  • Forder , J. 1996 . On the assessment and implementation of 'institutional' remedies . Oxford Economic Papers , 48 : 39 – 51 .
  • Forder , J. 1998a . The case for an independent European central bank: A reassessment of evidence and sources . European Journal of Political Economy , 14 : 53 – 71 .
  • Forder , J. 1998b . Central bank independence - conceptual clarifications and interim assessment . Oxford Economic Papers , 50 : 307 – 334 .
  • Forder , J. 1999a . Central bank independence - reassessing the measures . Journal of Economic Issues , XXXIII : 23 – 40 .
  • Forder , J. 1999b . Response to de Haan's comment on The case for an independent European central bank: a reassessment" . European Journal of Political Economy , 15 : 763 – 767 .
  • Forder , J. 2000 . The theory of credibility: confusions, limitations, and dangers . International Papers in Political Economy , 7 : 1 – 40 .
  • Forder , J. 2001a . “ Image and illusion in the design of EMU ” . In From Nation Stale to Europe: Essays in Honour of Jack Hayward , Edited by: Menon , A. and Wright , V. 158 – 174 . Oxford : Oxford University Press .
  • Forder , J. 2001b . The theory of policy credibility and the reputation-bias of policy' . Review of Political Economy , 13 (1) : 5 – 25 .
  • Friedman , M. 1959 . A Program for Monetary Stability , New York : Fordham University Press .
  • Friedman , M. 1968 . The role of monetary policy . American Economic Review , 58 : 1 – 17 .
  • Friedman , M. 1982 . Monetary policy . Journal of Money Credit and Banking , : 98 – 117 .
  • Goodfriend , M. 1986 . Monetary mystique: secrecy and central banking . Journal of Monetary Economics , 17 : 63 – 92 .
  • Harrison , R . 1999 . “ Letter to the editor, Fabian Review ” .
  • Issing , O. Comment on Charles Freedman "What operating procedures should be adopted to maintain price stability?' . Achieving Price Stability: Symposium at the PRB of Kansas City, 29-31 August 1996 . Edited by: Hoenig , T. M. pp. 287 – 296 . Kansas City : Federal Reserve Bank of Kansas City .
  • Issing , O. 1997 . “ Monetary theory as a basis for monetary policy: reflections of a central banker ” . at http://wwwjnternetional.se/issingitaly.htm
  • Issing , O. 1999 . The Eurosystem: transparent and accountable or 'Willem in Euroland'? . Journal of Common Market Studies , 37 : 503 – 519 .
  • Issing , O. , Gaspar , V. , Angeloni , I. and Tristani , O. 2001 . Monetary Policy in the Euro Area , Cambridge : Cambridge University Press .
  • Jenkins , M. A. 1996 . Central bank independence and inflation performance: panacea or placebo? . Banco Nationale del Lavoro Quarterly Review , 197 : 241 – 270 .
  • King , M . 1997 . Changes in UK monetary policy . Journal of Monetary Economics , 39 : 81 – 97 .
  • Kydland , F. and Prescott , E. 1977 . Rules rather than discretion: the inconsistency of optimal plans . Journal of Political Economy , 85 : 473 – 491 .
  • Mangano , G. 1998 . Measuring central bank independence: a tale of subjectivity and of its consequences . Oxford Economic Papers , 50 : 468 – 492 .
  • Mayer , T. 1990 . The Political Economy of American Monetary Policy , Cambridge : Cambridge University Press .
  • McCallum , R . 1995 . Two fallacies concerning central bank independence . American Economic Review, Proceedings , 85 : 207 – 211 .
  • McCallum , R . 1997 . Crucial issues concerning central bank independence . Journal of Monetary Economics , 39 : 99 – 112 .
  • Mishkin , F. 1992 . The Economics of Money, Banking, and Financial Markets , New York : Harper Collins .
  • Nordhaus , W. 1975 . The political business cycle . Review of Economic Studies , 42 : 169 – 190 .
  • Orphanides , A. 2000 . The quest for prosperity without inflation , ECB Working Paper no 15 Frankfurt
  • Parkin , M and Bade , R. 1978 . In The Australian Monetary System in aie 1970s , Edited by: Porter , M. Clayton, Victoria : Monash University .
  • Prast , H. M. 1996 . Commitment rather than independence: an institutional design for reducing the inflationary bias of monetary policy . Kyklos , 49 : 377 – 405 .
  • Svensson , L. 1997 . Optimal inflation targets, 'Conservative' central banks and linear inflation contracts . American Economic Review , 87 : 98 – 114 .
  • Taylor , J. 1993 . Discretion versus Policy Rules in Practice , Carnegie-Rochester series in public policy

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.