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What can account for the different contemporaneous inflation experiences of various countries, and of the same country … over time? We present an analysis of the determination of inflation from a political economy perspective. We document a … positive correlation between income inequality and inflation and then present a theory of the determination of inflation …
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The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank...
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Central bank financial strength is positively associated with good policy performance. Financially weak central banks generate losses which undermine macroeconomic stability and call into question the credibility of their policies. In assessing central bank financial strength a careful...
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facto central bank independence. -- Central bank research ; Fiscal policy ; Inflation: costs and benefits …
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