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When do you get economists as policy-makers?

Hallerberg, Mark and Wehner, Joachim (2017) When do you get economists as policy-makers? British Journal of Political Science. ISSN 1469-2112 (In Press)

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Abstract

We analyze when economists become top-level “economic policy-makers,” focusing on financial crises and the partisanship of a country’s leader. We present a new dataset of the educational and occupational background of 1200 political leaders, finance ministers, and central bank governors from 40 developed democracies from 1973 to 2010. We find that left leaders appoint economic policy-makers who are more highly trained in economics and finance ministers who are less likely to have private finance backgrounds but more likely to be former central bankers. Finance ministers appointed during financial crises are less likely to have a financial services background. A leader’s exposure to economics training is also related to appointments. This suggests one crucial mechanism for affecting economic policy is through the selection of certain types of economic policy-makers.

Item Type: Article
Official URL: http://www.cambridge.org/
Additional Information: © 2017 The Authors
Subjects: J Political Science > JA Political science (General)
Sets: Departments > Government
Date Deposited: 20 Nov 2017 13:49
Last Modified: 20 Nov 2017 13:49
URI: http://eprints.lse.ac.uk/id/eprint/85650

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