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 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 ...

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 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 ...

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 ...

This paper examines the relation between granting central banks more independence represented in both its manifested legal charter as well actual practices adopted and inflation Egypt during period from 1998-2019. To do so, this first looks at evolution of different bank (CBI) measures adopts most comprehensive relevant one. Consequently, it runs a regression model adopting an autoregressive di...

Central bank independence (CBI) has long been considered a key aspect of effective monetary policy, as it allows central banks to make decisions free from political interference. However, the global financial crisis 2007–2008 and recent events such COVID-19 pandemic armed conflict in Ukraine have threatened CBI. This article aims examine impact these on CBI OECD member countries, both de jure f...

Many studies suggest that either partisan governments, labor market centralization, or central bank independence affect unemployment, but none consider the full range of interactions among these institutions. I offer a fully interactive model of unemployment and test it using quarterly data from fifteen industrialized democracies over 24 years. Confiming earlier work, I find central bank indepe...

In the last three decades, legal delegation of monetary policy to independent central banks (CBI) has achieved status a global norm good governance. The recent backlash against this independence is an important but understudied trend. Our article analyzes potential for reversals with focus on Latin America where CBI was effective in maintaining price stability, placed constraints governments. W...

In this paper, we explore the connection between Central Bank Independence (CBI) and inflation under alternative political regimes. We formulate a predictive model that accommodates CBI in analysis of thereafter regroup countries based on choice regimes as well level development. find has statistically significant negative effect adopting full democratic partial autocratic regimes; but are insi...