@techreport{Hefeker2010Central,
abstract = {This paper revisits the trade-off between central bank independence and conservatism using a New Keynesian model with uncertainty about the central banker's output gap target. It is shown that when this uncertainty is high, the trade-off no longer holds. In this case, the optimal combination between independence and conservatism is characterised by complementarity.},
address = {Siegen},
author = {Carsten Hefeker and Blandine Zimmer},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E52; E58; 330; central bank independence; conservatism; transparency of monetary policy; Geldpolitik; Regelgebundene Politik; Zentralbankautonomie; Entscheidung bei Unsicherheit; Staatliche Information; Ungleichgewichtstheorie; Theorie},
language = {eng},
number = {140},
publisher = {Univ., Fachbereich Wirtschaftswiss., Wirtschaftsinformatik und Wirtschaftsrecht},
title = {Central bank independence and conservatism under uncertainty: Substitutes or complements?},
type = {Volkswirtschaftliche Diskussionsbeitr\"{a}ge // Universit\"{a}t Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht},
url = {http://hdl.handle.net/10419/41088},
year = {2010}
}
