Do Markets Care Who Chairs the Central Bank?

Kenneth N. Kuttner, Adam S. Posen

NBER Working Paper No. 13101
Issued in May 2007

---- Acknowledgements -----

Our thanks go to seminar participants at the Bank of England, the Bank of Japan, Birkbeck College, the Federal Reserve Bank of Cleveland, the Liberal Arts Macro Workshop, the NBER, Oberlin College, the Reserve Bank of New Zealand, and the Zentrum für Europäische Wirtschaftsforschung; and to Barbara Craig, Simon Gilchrist, Pavel Kapinos, and Peter Pedroni for constructive suggestions. Dimitar Vlahov provided research assistance, and we are also grateful to Marta Abreu, Geoffrey Barrows, Özer Karagedikli, and Tarja Yrjola for their assistance with the data. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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