This study examines the effect of legal central bank independence on inflation in developing countries. In spite of the … policy consensus suggesting that central bank independence is an effective tool to control inflation, the evidence is still … inflation for a sample of 118 developing countries between 1980 and 2013. We find that higher central bank independence is …

-benevolent government. Although this reform would be socially beneficial and initially succeed in reducing inflation, it would fail to lower … inflation permanently. The smaller anticipated policy distortions implemented by a more independent central bank would induce … the fiscal authority to trade-off higher current deficits for lower future deficits. In the long run, inflation would …

On theoretical grounds, a clear distinction exists between central bank independence and inflation aversion. In the … conduct of monetary policy, both contribute to lower inflation. In this paper, we re-examine empirically the nexus between … central bank independence and inflation for a large sample of advanced and developing countries over the period 1992–2014 by …

According to the game-theoretic model of monetary policy, inflation is the consequence of time-inconsistent behavior of … the monetary authority. The inflation bias can be eased by handing over the responsibility for monetary policy to an … sample of 11 OECD countries. -- Central Banking ; Conservatism ; Central Bank Independence ; Inflation …

banks to use interest rates to tackle inflation. However, as the financial crisis showed, financial stability is also …

The ongoing post-pandemic inflation burst has put the monetary policy framework, its governance alternatives, and the … politicized yet independent model of central banking over the past two decades on the inflation burst. The study identifies four … demanding advanced stages of the fight against inflation. It is anticipated that this episode will contribute to complete the …

independence (CBI) on price stability (the level of inflation and inflation volatility), employing a panel dataset that covers up …