Do central bank independence reforms matter for inflation performance?

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.

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Year of publication:	2011
Authors:	Landström, Mats
Published in:	International Journal of Banking, Accounting and Finance. - Inderscience Enterprises Ltd, ISSN 1755-3830. - Vol. 3.2011, 4, p. 320-335
Publisher:	Inderscience Enterprises Ltd
Subject:	monetary policy \| institutional reforms \| central banking \| price stability \| political economy \| delegation \| central bank independence \| banking reforms \| inflation performance

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011130073