central bank independence in achieving lower inflation. Drawing from the fiscal theory of price level (FTPL) and political … independence-inflation nexus is dependent on the model, sample and estimation technique used. After accounting for various control … variables and introducing inflation targeting as an additional explanatory variable, the study shows that, unlike in developed …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … rate of governors. The results indicate that greater central bank independence is associated with lower levels of inflation … inflation volatility and central bank independence, although the results are statistically significant only when using the full …

We analyse whether central bank independence (CBI) affects inflation in developing countries. For this purpose we have … after high inflation countries are added to the sample. …