Many countries have undertaken central-bank independence reforms, but the years of implementation differ. What explains …

Many countries have undertaken central-bank independence reforms, but the years of implementation differ. What explains …

The paper concentrates on the economic and legal analysis of the central bank independence and accountability. The …

’s mandate and its policy conduct, but less on ECB independence …

Since Rogoff theorised it, central bank independence has been analysed almost exclusively with the tools of economic … science, leading some economists to highlight a contradiction between independence and democracy. Recent contributions … on the neutrality of monetary policy are made explicit. It shows that Central Bank independence can be endorced even if …

recognise the choice of instrument and the implications of its adoption. In the case of independence we argue that he … theoretical case for independence has been misunderstood and that it is not an essential requirement for successful policy. We … also show that ‘independence’ is not best measured against a checklist of statutory characteristics. As regards …