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Conservative central banker
 

 

A central banker with a higher valuation of price stability relative to activity levels than the average for a country’s opulation. Because a conservative central banker can acquire a reputation for anti-inflationary policies, appointing such a central banker may allow a country more favourable trade-off between employment levels and price stability than could be achieved with a central banker whose preferences coincide with those of an average citizen. ¬†

 

Reference: Oxford Press Dictonary of Economics, 5th edt.