Checks and balances, and the supply of central bank independence

Rules Rather than Discretion: The Inconsistency of Optimal Plans

Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.8K citations

Behavioral Decision Making, Game Theory, Optimal Plans +23

The Optimal Degree of Commitment to an Intermediate Monetary Target

Kenneth Rogoff · The Quarterly Journal of Economics · 1985 · 3.7K citations

Rules, discretion and reputation in a model of monetary policy

Robert J. Barro, D. Benjamin Gordon · Journal of Monetary Economics · 1983 · 3.6K citations

Monetary Policy, Economics, Monetary Theory +5

Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism

George Tsebelis · British Journal of Political Science · 1995 · 2.6K citations · Full text

Democracy, Public Policy, Veto Players +15

Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence

Alberto Alesina, Lawrence H. Summers · Journal of money credit and banking · 1993 · 1.8K citations

Monetary Policy, Economics, Economic Policy +8