Europe’s politicians evaluate the European Central Bank’s (ECB) mandate based on changing information rather than ideological bias, a Centre for Economic Policy Research paper finds.

Federico Maria Ferrara, Donato Masciandro, Manuela Mischella and Davide Romelli find that right-wing politicians have more favourable attitudes towards a narrowly focused mandate on price stability.

But the worse labour market conditions are in a representative’s region, the “higher the weight politicians attach to