Central bank independence — only part of the inflation story: A comment
نویسندگان
چکیده
منابع مشابه
The Sensitivity of Central Bank Independence Measurements to Inflation in Iran: A New Approach
The purpose of this study is finding the sensitivity of central bank independence measurements on its impact on inflation in Iran. To this aim different measurements of the central bank independence were calculated using the indices of Grilli et al. (1991), Cukierman et al. (1992), Mathew (2006) and Dumiter (2009) for the period 1961-2012 . Although results of correlation between CBI index and ...
متن کاملDebt, inflation and central bank independence
Increasing the independence of a central bank from political influence, although ex-ante socially beneficial and initially successful in reducing inflation, would ultimately fail to lower inflation permanently. The smaller anticipated policy distortions implemented by a more independent central bank would induce the fiscal authority to decrease current distortions by increasing the deficit. Ove...
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this paper tries to survey the independence of central bank of iran and its relationship to inflation by using the data of 56 developing countries during 1990s. the results signifies that there are no significant relationship between inflation and the independence of central banks in these countries. in other words, according to the existing evidences, not all the developing countries with high...
متن کاملthe sensitivity of central bank independence measurements to inflation in iran: a new approach
the purpose of this study is finding the sensitivity of central bank independence measurements on its impact on inflation in iran. to this aim different measurements of the central bank independence were calculated using the indices of grilli et al. (1991), cukierman et al. (1992), mathew (2006) and dumiter (2009) for the period 1961-2012 . although results of correlation between cbi index and ...
متن کاملThe impact of Central bank independence on stock market volatility
The new paradigm in monetary policymaking gives accent to central banks‘ Independence. It is widely accepted that in modern monetary policymaking, central banks have three key goals: price stability, output stability and financial stability. Recent studies on central bank independence mainly investigate the effects of central bank independence on economic stability. But the effectiveness of cen...
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ژورنال
عنوان ژورنال: De Economist
سال: 1996
ISSN: 0013-063X,1572-9982
DOI: 10.1007/bf01371945