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...

the purpose of present paper was to examine the relationship between central bank independence and inflation rate in iran over 1960-2008. first, central bank independence has been accomplished through three indices including legal and real cbi indices and turnover rate of central bank governor index. then, augmented dickey-fuller test for model stationary of variables has been done by applying ...

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 ...

A number of authors have developed varied indices for measuring central bank independence with the aim of determining whether there is any association between central bank independence and inflation rates. Most analyses focused on industrialized countries, although more recently the interest has shifted to the emerging and less developed countries. The general trust of the results of these stud...

The purpose of present paper was to examine the relationship between central bank independence and inflation rate in Iran over 1960-2008. First, central bank independence has been accomplished through three indices including legal and real CBI indices and turnover rate of central bank governor index. Then, Augmented Dickey-Fuller test for model stationary of variables has been done by applying ...

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...

New monetary literatures widely concentrates on the importance of institutional arrangements in the effectiveness of monetary policy. The debate regarding the optimal institutional design of central banks, independence and conservatism are usually considered to be the most important ingredients for a stable and successful monetary policy. Therefore, the purpose of this study is to deal with the...

the central bank, as an institution that directly controls the monetary system of the country, can also pursue goals such as managing interest rates, volume of currency, inflation, unemployment and even income distribution. in some countries (like iran) it functions as the part of the government and in some other countries the central bank is independent and follows its macro-policies. accordin...