Does central bank independence smooth the political business cycle in inflation: some OECD evidence

Article Abstract:

A number of countries have granted more autonomy to central banks in deciding interest rates and greater independence appears to be linked to improved macroeconomic performance. The political business cycle relates to such factors as seeking to 'bribe' the electorate prior to an election. An examination of data from 18 countries from the Organization for Economic Cooperation and Development (OECD) indicates a negative correlation between partiisan and electoral effects and the independence of the central bank.

Banking Institutions, Depository Credit Intermediation, Prices, DEPOSITORY INSTITUTIONS, Economic aspects, Banks (Finance), Economic policy, Political aspects, Inflation (Finance), Central banks, Inflation (Economics)

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Does organizational form affect investment decisions?

Article Abstract:

The influence of organizational changes on its investment decisions is examined by focusing on the United States hospitality industry.

United States, Financial management, Management dynamics, HOTELS AND OTHER LODGING PLACES, Eating and Drinking Places, Management, Evaluation, Company investment, Investments, Hospitality industry, Capital investments, Organizational change, Company business management, Capital investment

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