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The objective of this paper is to analyze the main theoretical arguments for the analysis of the conduction of monetary policy on the fiscal side. Besides this, an analysis is made of the possible effects on the fiscal balance from the conduction of the monetary policy in the search for price...
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The effects of Central Bank independence and the rate of turnover on the Brazilian inflation. Nowadays, the belief is … bank governor are associated with low inflation. This paper analyzes the relation between central bank independence and … inflation in Brazil during 1980-2002. The findings denote that there is no effect on inflation due to an increase in degree of …
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The aim of this paper is to analyze critically the Independence of Central Banks (ICB). By presenting the theoretical arguments that support the independence, as well as some empirical studies regarding this topic, we introduce the main critical concerns about the argument of ICB. Besides, we...
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