Independent Central Banks: Low Inflation at No Costs?

The Optimal Degree of Commitment to an Intermediate Monetary Target

1985 • 3,677 citations

Rules, discretion and reputation in a model of monetary policy

1983 • 3,635 citations

Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence

1993 • 1,759 citations

Central Bank Strategy, Credibility, and Independence: Theory and Evidence

1992 • 1,454 citations

Macroeconomic Policy in a Two-Party System as a Repeated Game

1987 • 1,344 citations

Partisan Politics, Divided Government, and the Economy

1995 • 1,239 citations