conservative central banker

Show Summary Details

Quick Reference

A central banker with a higher valuation of price stability relative to activity levels than the average for a country's population. Because a conservative central banker can acquire a reputation for anti-inflationary policies, appointing such a central banker may allow a country a more favourable trade-off between employment levels and price stability than could be achieved with a central banker whose preferences coincide with those of an average citizen.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.