Does central bank independence smooth the political business cycle in inflation: some OECD evidence
A number of countries have granted more autonomy to central banks in deciding interest rates and greater independence appears to be linked to improved macroeconomic performance. The political business cycle relates to such factors as seeking to 'bribe' the electorate prior to an election. An examination of data from 18 countries from the Organization for Economic Cooperation and Development (OECD) indicates a negative correlation between partiisan and electoral effects and the independence of the central bank.
Publication Name: Manchester School
Does organizational form affect investment decisions?
The influence of organizational changes on its investment decisions is examined by focusing on the United States hospitality industry.
Publication Name: Journal of Industrial Economics
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