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This paper begins with the concept of central bank independence and focuses its argument around one of its major drawbacks - the potential absence of accountability by the monetary authority. Then, beyond defining an alternative legal central bank independence index, we analyse the current...
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international dimension, as higher world inflation is positively correlated with inflation targets. Rapidly growing countries … macroeconomic environment. We find that central bank credibility is negatively associated with the level of inflation target … targeting ; central bank ; inflation ; credibility ; independence …
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international dimension, as higher world inflation is positively correlated with inflation targets. Rapidly growing countries … macroeconomic environment. We find that central bank credibility is negatively associated with the level of inflation target …
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