Hielscher, Kai; Markwardt, Gunther - In: European Journal of Political Economy 28 (2012) 3, pp. 286-301
independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … nonlinearities, we employ interaction models to identify the conditions under which more central bank independence will enhance a … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …