Findings in Investment Reported from University of Genoa (The Myth of Federal Reserve De Facto Independence): Investment

Economics Daily Report

2024 AUG 12 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Current study results on Investment have been published. According to news reporting originating in Genoa, Italy, by NewsRx journalists, research stated, “In the literature on central banks independence these institutions are considered as being apolitical. In reality, central banks are political actors and their de facto independence changes over time even if their de jure independence remains unvaried.”

The news reporters obtained a quote from the research from the University of Genoa, “An example of this is the Federal Reserve Bank (Fed), whose de facto independence in the past decades has fluctuated significantly because of the pressures of Congress and the President. To counter these pressures, the Fed seeks support from certain interest groups.”

According to the news reporters, the research concluded: “The success of this behavior is more likely when the President and Congress represent different political parties.”

This research has been peer-reviewed.

For more information on this research see: The Myth of Federal Reserve De Facto Independence. Economics & Politics, 2024. Economics & Politics can be contacted at: Wiley Periodicals, Inc, One Montgomery St, Suite 1200, San Francisco, CA 94104, USA.

Our news correspondents report that additional information may be obtained by contacting Elena Seghezza, University of Genoa, Dept. of Political Sciences, Ple Brignole 3, I-16125 Genoa, Italy. Additional authors for this research include Giovanni B. Pittaluga and Pierluigi Morelli.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/ecpo.12304. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.