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- Publications
- Influence
CENTRAL BANK STRATEGY, CREDIBILITY, AND INDEPENDANCE: THEORY AND EVIDENCE
- A. Cukierman
- Economics
- 13 November 1992
Alex Cukierman is well known for his work on central bank behavior. This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy… Expand
Measuring the Independence of Central Banks and Its Effect on Policy Outcomes
- A. Cukierman
- Economics
- 1 September 1992
Making the central bank an agency with the mandate and reputation for maintaining price stability is a means by which a government can choose the strength of its commitment to price stability. This… Expand
Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States
- A. Cukierman, A. Muscatelli
- Economics
- 25 February 2008
This paper explores theoretically and empirically the view that Taylor rules are often nonlinear due to asymmetric central bank preferences, and that the nature of these asymmetries changes across… Expand
The Politics of Ambiguity
- A. Alesina, A. Cukierman
- Economics
- 1 December 1987
Politicians have generally two motives: they wish to hold office as long as possible and wish to implement their preferred policies. Thus they face a trade-off between the policies which maximize… Expand
Central Bank Reform, Liberalization and Inflation in Transition Economies - an International Perspective
- A. Cukierman, G. Miller, B. Neyapti
- Economics
- 1 June 2001
This Paper develops extensive new indices of legal independence (Central Bank Independence, or CBI) for new central banks in 26 former socialist economies (FSEs). The indices reveal that central bank… Expand
The Inflation Bias Revisited: Theory and Some International Evidence
- A. Cukierman, S. Gerlach
- Economics
- 1 February 2003
The Kydland-Prescott, Barro-Gordon inflation bias result relies on the presumption that policymakers aim at achieving a level of employment above potential. Both academics and policymakers have… Expand
Labor Markets and Monetary Union: a Strategic Analysis
- A. Cukierman, F. Lippi
- Economics
- 1 July 2001
This paper shows that the effects of a monetary union depend on several labour market features. In particular, the switch from national monetary policies to a common monetary policy usually affects… Expand
The Effects of Uncertainty on Investment under Risk Neutrality with Endogenous Information
- A. Cukierman
- Economics
- Journal of Political Economy
- 1 June 1980
Using a Bayesian framework, this paper considers a risk-neutral firm which has to pick an investment project out of many that are available. It is shown that, if the firm is allowed to collect… Expand
Economic Performance and Stabilization Policy in a Monetary Union with Imperfect Labour and Goods Markets
- F. Coricelli, A. Cukierman, A. Dalmazzo
- Economics
- 1 March 2001
This Paper develops a framework for the analysis of the effects of institutions on economic performance in a monetary union in the presence of stabilization policy, unionized labour markets and… Expand