After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …

credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …

inflation, quality of institutional setup, and extent of Internet use in a country are important determinants of MPCT. MPCT has … a robust and significantly negative impact on inflation variability, even after controlling for important macroeconomic …

-shaped relation between the membership size of MPCs and inflation; our results suggest that the lowest level of inflation is reached … at MPCs with about seven to ten members. Similar results are obtained for other measures, such as inflation variability …

-shaped relation between the membership size of MPCs and inflation; our results suggest that the lowest level of inflation is reached … at MPCs with about seven to ten members. Similar results are obtained for other measures, such as inflation variability …

Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and …, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises …

We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank … background. In a panel data analysis for the euro area and eleven countries since 1973,we explain inflation first by the weights … background, former members of the central bank staff as well as former bankers and businessmen have the strongest inflation …