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There is a considerable academic literature on the relationship between Central Bank independence and inflation but the issue of Central Bank accountability and its effect of inflation performance has received very little attention. This paper looks at the issue of accountability in a simple...
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; credibility and transparency; the inflation forecast and the loss function; monetary policy experiences in the US and the UK; the … of words in central banking : inflation, targeting, credibility and transparency -- 4. The inflation forecast and the …
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