Appointing Central Bankers by Kelly H. Chang - 9780521029841

Appointing Central BankersThe Politics of Monetary Policy in the United States and the European Monetary Union\nAuthor(s): Kelly H. Chang\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521029841, 978-0521029841\nSynopsis\nThis book examines monetary policy by focusing on how the President and the Senate influence monetary policy by appointing Federal Reserve members. It attempts to answer three questions about the appointment process and its effects. First, do politicians influence monetary policy through Federal Reserve appointments? Second, who influences the process - the President alone or both the President and the Senate? Third, what explains the structure of the Federal Reserve appointment process? The test models show that the President alone, both the President and Senate, or neither, may influence monetary policy with Federal Reserve appointments. The structure of the process reflects political ba.