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this model that differ in terms of the behavior of, and the public’s information on, the central banks’ inflation target …
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Major League Baseball Commissioner Bud Selig announced he would crack down on steroid use in baseball, hoping to stop players from doping. He was forced to discipline stars like Rafael Palmeiro, possibly hurting the game immediately, in order to develop a reputation for being tough on steroids....
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Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of … central banks. …
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We document increased central bank independence within the set of industrialized nations. This increased independence …
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