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Original Articles

Economic reforms and the indirect role of monetary policy

Pages 432-435 | Published online: 30 Jul 2012

References

  • Barro , R. J. and Gordon , D. B. 1983 . A positive theory of monetary policy in a natural rate model . Journal of Political Economy , 91 : 589 – 610 .
  • Fratianni , M. , Von Hagen , J. and Waller , C. 1997 . Central banking as a political principal-agent model . Economic Inquiry , 35 : 378 – 93 .
  • Leiner-Killingner , N. , Peréz , V. L. Stiegert , R. 2007 . Structural reforms in EMU and the role of monetary policy . ECB Occasional Paper No. 66, ECB . 2007 , Frankfurt am Main , Germany.
  • Rogoff , K. and Sibert , A. 1988 . Elections and macroeconomic policy cycles . Review of Economic Studies , 55 : 1 – 16 .

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