Do central bank independence reforms matter for inflation performance?
by Mats Landström
International Journal of Banking, Accounting and Finance (IJBAAF), Vol. 3, No. 4, 2011

Abstract: 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.

Online publication date: Tue, 30-Sep-2014

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