英文文献：Why the ECB Should be Ultra-Liberal-为什么欧洲央行应该实行极端自由主义
英文文献作者：Rasmus Hoejbjerg Jacobsen
英文文献摘要：
The statute of the ECB states that its primary target should be to maintain price stability. The theoretical foundation behind this target is that of a socially optimal conservative central banker. We challenge the robustness of this result in a model with endogenous labor market policy, decided upon by a politically motivated government. In this model, the socially optimal choice of central banker is an ultra-liberal, who eliminates both inflation and unemployment and removes the political distortion. Somewhat paradoxically, the labor union supports an ultra-conservative central banker, because this means a more generous labor market policy.

欧洲央行的法令规定，其首要目标应该是保持价格稳定。这一目标背后的理论基础是社会最优的保守央行行长。我们在一个有政治动机的政府决定的内生性劳动力市场政策的模型中，对这一结果的稳健性提出了挑战。在这个模型中，对社会而言，最理想的央行行长人选是一位极端自由主义者，他能消除通胀和失业，并消除政治扭曲。有点矛盾的是，工会支持一个极端保守的央行行长，因为这意味着更慷慨的劳动力市场政策。