Central bank independence and the price-output-variability trade-off Online publication date: Sun, 12-Oct-2014
by Mats Landström
International Journal of Monetary Economics and Finance (IJMEF), Vol. 7, No. 2, 2014
Abstract: Data on central bank independence (CBI) and implementation dates of CBI-reforms were used to investigate the relationship between CBI and a possible trade-off between inflation variability and output variability. No such trade-off was found, but there might still be stabilisation gains from CBI-reform.
Online publication date: Sun, 12-Oct-2014
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