Essays on governments, central banks, and credibility

Comincini, Laura (2022) Essays on governments, central banks, and credibility. PhD thesis, University of Glasgow.

Abstract

In my PhD thesis I study the motivations, policy paths, and impacts of economic and political institutions in a number of different scenarios, employing a diverse range of methods and approaches. In Chapter 2 I explore the case of a central bank attempting to deal with a consumption externality created by external consumption habits by designing an application of a New Keynesian Dynamic Stochastic General Equilibrium model. In Chapter 3 I expand on the context of the previous Chapter to examine the possibility of a central bank setting monetary policy with a present bias, and what this means for the economy as a whole. Finally, in Chapter 4 I investigate the empirical patterns of political pressure on central banks on a global level. The main contributions of my PhD thesis are to shed more light on the consequences of external consumption habits in a context of discretionary monetary policy; to analyse the previously unexplored case of a central bank with a present bias; and to produce novel empirical findings on the topic of political pressure.

• Item Type: Thesis (PhD)
• Qualification Level: Doctoral
• Subjects: H Social Sciences > HB Economic Theory; H Social Sciences > HG Finance; H Social Sciences > HJ Public Finance
• Colleges/Schools: College of Social Sciences > Adam Smith Business School > Economics
• Supervisor's Name: Levy, Dr. John, Dennis, Professor Richard and Moldovan, Dr. Ioana
• Date of Award: 2022
• Depositing User: Theses Team
• Unique ID: glathesis:2022-83297
• Copyright: Copyright of this thesis is held by the author.
• Date Deposited: 30 Jan 2023 11:39
• Last Modified: 30 Jan 2023 11:39
• URI: https://theses.gla.ac.uk/id/eprint/83297