Posso, Alberto; Tawadros, George B. - In: Economic Modelling 33 (2013) C, pp. 244-247
inflation. In recent times, however, this long held belief has been challenged. Using a recently compiled panel data set on … central bank independence measures, the proposition that greater CBI leads to lower inflation is tested, using latent variable … relationship between CBI and inflation, thereby restoring faith in the conventionally held wisdom, that greater CBI is needed to …