A) very little research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another. B) a great deal of research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another. C) most scholarship on central banks assumes that all independent central banks are fundamentally different. D) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue price flexibility. E) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue the minimum financial regulations possible. A) very little research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another. B) a great deal of research energy has been devoted to considering why the behavior and policies of one independent central bank differs substantially from the behavior and policies of another. C) most scholarship on central banks assumes that all independent central banks are fundamentally different. D) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue price flexibility. E) freed from the pressures of electoral politics, independent central banks are generally assumed to pursue the minimum financial regulations possible. A

Exam 13: A State-Centered Approach to Monetary and Exchange-Rate Policies

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We need some better explanation for why governments that are supposedly only concerned with short term political gains create central bank institutions whose sole purpose is to raise long-term social welfare.

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According to Oatley,

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According to Oatley,a good example of a highly independent central bank (1969-1995)is

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Which of the following statements is not a function of central bank independence?

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Question 4

According to the data in the Oatley book,which of the following statement is true?

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Question 5

The price stability strategy during the 1980s

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Question 6

Discuss whether and why the behavior of equally independent central banks can substantially differ in both behavior and policy.

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Question 7

The most independent central bank in the EU before the creation of the European Central Bank (ECB)was the

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Question 8

The two principal criticisms of the state-centered approach to monetary politics are

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Question 9

According to Oatley's data in chapter 13,which plots data for 1969-1995,the countries with the highest and lowest inflation rates respectively were

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Question 10

In today's Europe,the ECB sets interest rates aimed at low inflation and European governments can do little to change the ECB's policy.

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Question 11

Governments can easily make credible commitments to low inflation if they want to because of the time-consistency paradox.

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Question 12

Discuss and predict why future politics of monetary and exchange=rate policies between elected officials and central banks will be more or less conflictual.

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Question 13

What is meant by the time-consistency problem and how does it affect a government's commitment to low inflation?

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Question 14

According to Figure 13.5,for 1981-1990 for the six countries listed,if we add the inflation rate to the unemployment rate (lowest is best),the country with the lowest score is

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Question 15

According to the data presented in the Oatley book,during the period 1964-1990

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Question 16

According to the data presented in the Oatley book,there is

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Question 17

Governments eventually tried to establish a credible commitment to low inflation by creating independent central banks that tied their hands.

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Question 18

According to Figure 13.5,for 1971-1980 for the six countries listed,if we add the inflation rate to the unemployment rate (highest is worst),the United States had an overall score that was

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Question 19

The natural rate of unemployment is the rate of unemployment

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Question 20

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We need some better explanation for why governments that are supposedly only concerned with short term political gains create central bank institutions whose sole purpose is to raise long-term social welfare.

According to Oatley,

According to Oatley,a good example of a highly independent central bank (1969-1995)is

Which of the following statements is not a function of central bank independence?

According to the data in the Oatley book,which of the following statement is true?

The price stability strategy during the 1980s

Discuss whether and why the behavior of equally independent central banks can substantially differ in both behavior and policy.

The most independent central bank in the EU before the creation of the European Central Bank (ECB)was the

The two principal criticisms of the state-centered approach to monetary politics are

According to Oatley's data in chapter 13,which plots data for 1969-1995,the countries with the highest and lowest inflation rates respectively were

In today's Europe,the ECB sets interest rates aimed at low inflation and European governments can do little to change the ECB's policy.

Governments can easily make credible commitments to low inflation if they want to because of the time-consistency paradox.

Discuss and predict why future politics of monetary and exchange=rate policies between elected officials and central banks will be more or less conflictual.

What is meant by the time-consistency problem and how does it affect a government's commitment to low inflation?

According to Figure 13.5,for 1981-1990 for the six countries listed,if we add the inflation rate to the unemployment rate (lowest is best),the country with the lowest score is

According to the data presented in the Oatley book,during the period 1964-1990

According to the data presented in the Oatley book,there is

Governments eventually tried to establish a credible commitment to low inflation by creating independent central banks that tied their hands.

According to Figure 13.5,for 1971-1980 for the six countries listed,if we add the inflation rate to the unemployment rate (highest is worst),the United States had an overall score that was

The natural rate of unemployment is the rate of unemployment

International Political Economy

The World Trade Organization and the World Trade System

The Political Economy of International Trade Cooperation

A Society-Centered Approach to Trade Politics

A State-Centered Approach to Trade Politics

Trade and Development I: Import Substitution Industrialization

Trade and Development II: Economic Reform

Multinational Corporations in the Global Economy

The Politics of Multinational Corporations

The International Monetary System

Cooperation, conflict and Crisis in the Contemporary International Monetary System

A Society-Centered Approach to Monetary and Exchange-Rate Policies

Developing Countries and International Finance I: the Latin American Debt Crisis

Developing Countries and International Finance II: a Decade of Crises

Globalization: Consequences and Controversies

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