𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Structural Traps, Politics and Monetary Policy

✍ Scribed by Robert H. Dugger; Angel Ubide


Book ID
110879935
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
304 KB
Volume
7
Category
Article
ISSN
1367-0271

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## Abstract We model a two‐party representative democracy with citizen‐candidate in which the leader is elected while the central‐banker is appointed by the leader. Assuming that fiscal policy is β€˜more important’ than monetary policy, we show that, if some individuals who dislike inflation get orga