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Central bank independence is now in vogue because of previous experience of politicisation of monetary policy. But can the central bankers be trusted more than the politicians? In this Occasional Paper, Professor Otmar Issing, the leading monetary economist and one of Europe's most influential...
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democracy. Most economists were also against CBI. After the Great Inflation of the 1970ies many empirical studies demonstrated … that there is a strong negative correlation between the degree of CBI and the rate of inflation. In 1990 most major …
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arguments for and against inflation targeting; ii) the scope of ECB's objectives, considering financial stability, employment …
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