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- W2124223661 abstract "The economic voting literature emphasizes that complex government structures lead voters to weigh the economy less in their voting calculus. While a number of institutional factors have been considered by the literature, these have largely been institutions that voters can directly punish through electoral mechanisms. However, there are numerous institutions that aect political and economic outcomes that voters have no means of punishing for bad results but that are directly dependent upon the choices of elected ocials. In this paper I explore how changes in the international political economy, in conjunction with electoral considerations, aect politician incentives to increase central bank independence. Preliminary evidence from the reform of the Bank of Japan in 1997 supports the underlying political motives posited in the theory." @default.
- W2124223661 created "2016-06-24" @default.
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- W2124223661 date "2009-09-05" @default.
- W2124223661 modified "2023-09-26" @default.
- W2124223661 title "Accounting for Economic Institutions: How Independent Central Banks Aect Democratic Accountability" @default.
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