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Politicians not ‘blindly’ ideological when judging ECB – research
Right-wingers prefer narrowly focused mandate but data shapes all representatives’ views, paper says
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Europe’s politicians evaluate the European Central Bank’s (ECB) mandate based on changing information rather than ideological bias, a Centre for Economic Policy Research paper finds.
Federico Maria Ferrara, Donato Masciandro, Manuela Mischella and Davide Romelli find that right-wing politicians have more favourable attitudes towards a narrowly focused mandate on price stability.
But the worse labour market conditions are in a representative’s region, the “higher the weight politicians attach to
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