Cultural Differences in Monetary Policy Preferences

March 27, 2018
Issue 2018-02

Summary

The monetary policy preferences of a population are often explained by the country’s economic history. Based on Swiss data, this paper indicates that while different language groups may share the economic history, they demonstrate distinct monetary policy preferences. This suggests that distinct monetary policy preferences among the populations of different countries may be determined by not only their economic histories but also their distinct cultural backgrounds.

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Issue:
02
Pages:
48
JEL classification:
D01, E31, E52, E58, Z13
Keywords:
Inflation preferences, Culture, Monetary policy
Year:
2018

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Author(s)

  • Adriel Jost

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