Institutional Efficiency in Independent Central Banking: A Communicative Matter?

Borradores de Economia
Number: 
263
Published: 
Classification JEL: 
E52, E58, E31, F31
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
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Political economists have traditionally been indifferent to the communicative construction of money and central banking in the public sphere. It does not matter to them whether monetary affairs are rendered as a rational game over the preservation of the