Political Economy of the Swiss National Bank
Jeitziner, Bruno![Political Economy of the Swiss National Bank](https://support.digitalhusky.com/media/annotations/sorted/133/13336985/CHSBZCOP0313336985.jpg)
Political Economy of the Swiss National Bank examines whether there exists any systematic political influence on Swiss monetary policy. A partial adjustment model is used to derive the reaction functions. Models of political business cycles and the theory of legislative control are for the first time applied to the Swiss institutional setting. The inflationary performance of the National Bank is not explained with the legal relationship betwee...