Chortareas, Georgios, Logothetis, Vassileios, Magkonis, Georgios, Zekente, Kalliopi-Maria, (2016), “The effect of banking supervision on central bank preferences: Evidence from panel data”, Economics Letters, Volume 140, Μάρτιος
We examine the effects of banking supervisory architecture on central bank preferences, quantified through a recently proposed measure of central bank conservatism. Using a dynamic panel data specification we document that central banks serving both monetary policy and banking supervision functions are less inflation conservative than those with only a price stability mandate.
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