Central bank independence: the key to price stability?

Charles T. Carlstrom and Timothy S. Fuerst ()

Economic Commentary, 2006, issue Sep 1

Abstract: Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of the worldwide decline in inflation since the early 1980s results from an international movement toward more independent central banks.

Keywords: Banks and banking, Central; Inflation (Finance) (search for similar items in EconPapers)
Date: 2006

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