• About
  • Policies
  • What is open access
  • Library
  • Contact
Advanced search
      View Item 
      •   BUIR Home
      • Scholarly Publications
      • Faculty of Economics, Administrative And Social Sciences
      • Department of Economics
      • View Item
      •   BUIR Home
      • Scholarly Publications
      • Faculty of Economics, Administrative And Social Sciences
      • Department of Economics
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.

      Central bank independence, government political orientation and optimum government expenditure financing

      Thumbnail
      View / Download
      220.9 Kb
      Author(s)
      Berument, Hakan
      Önder, A. Ö.
      Date
      2002
      Source Title
      Review of International Economics and Business
      Print ISSN
      0965-7576
      Electronic ISSN
      1467-9396
      Publisher
      Wiley-Blackwell Publishing Ltd.
      Volume
      4
      Pages
      433 - 461
      Language
      English
      Type
      Article
      Item Usage Stats
      122
      views
      36
      downloads
      Abstract
      This paper extends the government optimum expenditure financing model by incorporating the effects of both the government's political orientation and the central bank's independence. For the panel data of fourteen OECD countries for the period from 1974 to 1997, this paper shows first that countries with higher levels of central bank independence generate less seigniorage revenue, and second that governments which are controlled by left-wing parties create more seigniorage revenue to finance their spending.
      Keywords
      Government optimum expenditure financing model
      Central bank independence
      Partisan theory
      Permalink
      http://hdl.handle.net/11693/49491
      Collections
      • Department of Economics 724
      Show full item record

      Browse

      All of BUIRCommunities & CollectionsTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCoursesThis CollectionTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCourses

      My Account

      Login

      Statistics

      View Usage StatisticsView Google Analytics Statistics

      Bilkent University

      If you have trouble accessing this page and need to request an alternate format, contact the site administrator. Phone: (312) 290 2976
      © Bilkent University - Library IT

      Contact Us | Send Feedback | Off-Campus Access | Admin | Privacy