Are Women Less Selfish Than Men?: Evidence From Dictator Experiments  

Oleh:

Hutchison, M. M. ; Walsh, C. E.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 448 (May 1998), page 726-735.
Fulltext: 726.pdf (166.92KB)

Isi artikel

The 1989 Reserve Bank of New Zealand Act provides a natural experiment in which the effects of institutional change on economic relationships can be studied. The Act set price stability as the single objective of monetary policy and gave the Bank great independence. Reforms of this nature may lead to a greater short-run output-in¯ation tradeoff by altering optimal stabilisation policy and wage indexation. Allowing for environments where `learning' about the new regime is assumed to be rapid as well as slow, we ®nd that a large rise in the New Zealand tradeoff has occurred since implementation of the Act.

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