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several macroeconomic factors, we find evidence in favour of this hypothesis. When some indexes of corporatism are used to … allow for the degree of social agreement on income distribution and its determination, the relationship between inflation … to which society formally endows the central bank with independence in order to safeguard a key principle of democracy …
Persistent link: https://www.econbiz.de/10010786788
-shaped relationship between union density and inflation, and a negative relationship between union concentration and inflation. These …
Persistent link: https://www.econbiz.de/10005587607
adequate attention in existing studies; second, in addition to standard regressions, we use Markov-Chain Monte-Carlo estimation …-1989, 1991-1998 and 1999-2006, our estimates suggest that lower inflation should be seen as resulting from a broad range of …
Persistent link: https://www.econbiz.de/10010944854
, as headline inflation dropped inside the targeted band of 3% ± 1 percentage point recently. …
Persistent link: https://www.econbiz.de/10011004988
employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different …
Persistent link: https://www.econbiz.de/10011259909
, Sweden, the UK and the US. Employing this indicator we show that increasing effective conservatism tends to lower inflation … without increasing the output gap. However, while a higher degree of effective conservatism does not result in lower inflation …
Persistent link: https://www.econbiz.de/10009643244
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
expertise of the central bank. These broad trends help to explain some of the inflation experience of the 1980s and 1990s which …
Persistent link: https://www.econbiz.de/10005450660
independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …
Persistent link: https://www.econbiz.de/10010688302
independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country’s inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …
Persistent link: https://www.econbiz.de/10008914290