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employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …
Persistent link: https://www.econbiz.de/10011259909
This paper analyses empirically the link between central bank financial strength and inflation. The issue has become … relationship between several measures of central bank financial strength and inflation, this link appears rather weak and not as … robust as suggested by the previous - very limited - literature. In general, other inflation determinants play a much more …
Persistent link: https://www.econbiz.de/10010553139
government and economic activities is inflation perfectly guaranteed not to accelerate. A truly independent central bank is …
Persistent link: https://www.econbiz.de/10005790152
inflation, economic activity, and budget deficit, was also performed. …
Persistent link: https://www.econbiz.de/10009325656
inflation is examined within the framework of the co-integration analysis and Vector Error Correction (VECM) for the time period … central bank pulls down average inflation 18-21 %. However, according to the findings of the study in the short-term central … bank independence is not a determinant of inflation. …
Persistent link: https://www.econbiz.de/10010699564
for controlling inflation is examined. Employing two indices, which serve as proxies for CBI, LegalCBI and TOR, the … inverse relationship between CBI and inflation was confirmed. The interactions between the variability of inflation and CBI … were also investigated. Furthermore, evidence was found to suggest that the rate of turnover Granger causes inflation. …
Persistent link: https://www.econbiz.de/10005125107
It has been argued that economies with more independent central banks experience lower inflation over time. In this … the inflation rate dynamics. Second, we implement a panel data analysis. …
Persistent link: https://www.econbiz.de/10010735829
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 …
Persistent link: https://www.econbiz.de/10010737956
consistent with the Italian government's inflation targets following the abandonment of the European Exchange Rate Mechanism in …
Persistent link: https://www.econbiz.de/10010765194
consistent with the Italian government's inflation targets following the abandonment of the European Exchange Rate Mechanism in …
Persistent link: https://www.econbiz.de/10010765237