Titlebook: Central Bankers, Bureaucratic Incentives, and Monetary Policy; Eugenia Froedge Toma,Mark Toma Book 1986 Martinus Nijhoff Publishers, Dordr

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https://doi.org/10.1007/978-3-642-57442-9ements have included both those who fault the Federal Reserve for being too responsive to outside pressures and those who fault it for not being responsive enough. But many observers consider the Fed to exercise more autonomy from the executive and legislative branches of the Government than is the

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Kritische Bewertung der erzielten Ergebnisse top of the central bank hierarchy are the taxpayers, who assume the role of the principal. Because of the high costs of direct participatory democracy, taxpayers elect (either directly or indirectly) a smaller body of individuals to represent their interests in governmental decision making. Taxpaye

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