Does Central Bank Independence Smooth the Political Business Cycle in Inflation? Some OECD Evidence

Kaddour Hadri (), Ben Lockwood () and John Maloney

The Manchester School of Economic & Social Studies, 1998, vol. 66, issue 4, pages 377-95

Abstract: In this paper, electoral and partisan effects in inflation are identified for eighteen OECD countries via regression analysis, building on the work of A. Alesina, G. Cohen, and N. Roubini. The correlation of the size of these effects across countries with the level of central bank independence is investigated; the results suggest a negative correlation. Copyright 1998 by Blackwell Publishers Ltd and The Victoria University of Manchester

Date: 1998
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:manch2:v:66:y:1998:i:4:p:377-95

Access Statistics for this article

More articles in The Manchester School of Economic & Social Studies from Blackwell Publishing
Series data maintained by Christopher F. Baum ().