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Do Central Bank Independence Reforms Matter for Inflation Performance?
University of Gävle, Faculty of Education and Business Studies, Department of Business and Economic Studies. (Nationalekonomi)
2011 (English)In: International Journal of Banking, Accounting and Finance, ISSN 1755-3830, E-ISSN 1755-3849, Vol. 3, no 4, 320-335 p.Article in journal (Refereed) Published
Abstract [en]

A difference-in-difference approach was used to investigate whether central bank independence (CBI) reforms matter for inflation, based on a novel dataset including the possible occurrence of such reforms in 132 countries during the period 1980 to 2005. CBI-reforms are found to have contributed to bringing down high inflation rates where those existed, but they seem unrelated to performance in low-inflation countries

Place, publisher, year, edition, pages
InderScience Publishers, 2011. Vol. 3, no 4, 320-335 p.
Keyword [en]
Monetary policy; institutional reforms; central banking; price stability; political economy; delegation
National Category
Economics
Identifiers
URN: urn:nbn:se:hig:diva-10423DOI: 10.1504/IJBAAF.2011.043700Scopus ID: 2-s2.0-84858425507OAI: oai:DiVA.org:hig-10423DiVA: diva2:443490
Available from: 2011-09-26 Created: 2011-09-26 Last updated: 2014-11-11Bibliographically approved

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CiteExportLink to record
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