This paper investigates the relationship between central bank independence (CBI) and inflation by using two different CBI measures in seventeen transition economies from Central and Eastern Europe from 1990 to 2009. It employs a fixed effects panel data model, which incorporates several control...

This article examines two competing saving functions. The Keynesian theory views the saving function as related to GDP. The "Maizels hypothesis" relates domestic saving to the export component of GDP. Since the economies of central Europe are exhibiting growing trade ties with the European...