Individualism and Inflation

Fahim Al Marhubi ()
Additional contact information
Fahim Al Marhubi: Sultan Qaboos University

Economics Bulletin, 2021, vol. 41, issue 4, 2495-2507

Abstract: This paper examines the relationship between the individualism-collectivism dimension of culture and inflation for 100 countries from 1972 to 2011. The results indicate that individualism has a strong causal negative effect on inflation. Individualism also strengthens the effectiveness of central bank independence in promoting low inflation. These findings are robust to estimation methods, sample composition, measures of individualism and inclusion of controls.

Keywords: Culture; Individualism; inflation (search for similar items in EconPapers)
JEL-codes: E3 Z1 (search for similar items in EconPapers)
Date: 2021-12-29
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2021/Volume41/EB-21-V41-I4-P215.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-21-00528

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().