Jácome, Luis I.; Vázquez, Francisco - In: European Journal of Political Economy 24 (2008) 4, pp. 788-801
This paper explores the effects of central bank independence (CBI) on inflation in a sample of 24 Latin American and Caribbean countries during 1985-2002. Using panel regressions, the paper finds a negative relationship between CBI and inflation. This result holds for three alternative measures...