whereas the other type of agents cannot. If the sales tax is perfectly substituted by the inflation tax, then there is no way …

particular inflation. The paper's major finding is that there indeed is a negative relationship between central bank financial … strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control …

independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … country's inflation performance. Examining a cross-section of up to 69 countries, we are able to show that granting a central … bank more autonomy does not necessarily lead to better inflation performance. To lower inflation by increasing independence …