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CBI is the seemed contradiction between independence and democracy, known as the problem of accountability of the monetary … democracy. This would, in turn, attribute to reconciling the presumed contradiction between CBI and democracy, besides … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB …
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CBI is the seemed contradiction between independence and democracy, known as the problem of accountability of the monetary … democracy. This would, in turn, attribute to reconciling the presumed contradiction between CBI and democracy, besides … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB …
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The case for central bank independence is built on an intellectual two-step. Step one argues there is a problem of inflation prone government. Step two argues independence is the solution to that problem. This paper challenges that case and shows it is based on false politics and economics. The...
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