Campoy-Miñarro, Juan C.; Negrete, Juan Carlos - In: Economics : the open-access, open-assessment journal 16 (2022) 1, pp. 123-136
Central bank independence has been championed on the grounds that it avoids political business cycles, the time-inconsistency problem of discretionary monetary policy, and political conflicts. However, after the financial crisis, central banks have resorted to unconventional monetary policies...
