Cultural Differences in Monetary Policy Preferences
D01, E31, E52, E58, Z13
Inflation preferences, Culture, Monetary policy
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.