CENTRAL BANK INDEPENDENCE AND INFLATION: A NOTE

CENTRAL BANK INDEPENDENCE AND INFLATION: A NOTE

We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two‐thirds of the improved inflation performance of these nations over the past two decades. (JEL E42, E58)

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Bibliographische Detailangaben
Veröffentlicht in:Economic inquiry 2009-01, Vol.47 (1), p.182-186
Hauptverfasser: CARLSTROM, CHARLES T, FUERST, TIMOTHY S
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Central bank independence
Central banks
Datasets
Economic aspects
Forecasts and trends
Independence
Industrialized nations
Industry forecasts
Inflation
Inflation (Finance)
Inflation rate
Inflation rates
Interest rates
Monetary policy
Politics
Regression analysis
United States
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Beschreibung
Zusammenfassung:We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two‐thirds of the improved inflation performance of these nations over the past two decades. (JEL E42, E58)
ISSN:0095-2583
1465-7295
DOI:10.1111/j.1465-7295.2008.00148.x