• The effect of banking supervision on central bank preferences: Evidence from panel data

      Chortareas, G.; Logothetis, V.; Magkonis, Georgios; Zekente, K. (2016-03)
      We examine the effects of banking supervisory architecture on central bank preferences, quantified through a recently proposed measure of central bank conservatism. Using a dynamic panel data specification we document that central banks serving both monetary policy and banking supervision functions are less inflation conservative than those with only a price stability mandate.