Central Bank Independence (1994)

C. A. E. Goodhart
Additional contact information
C. A. E. Goodhart: London School of Economics

Chapter 4 in The Central Bank and the Financial System, 1995, pp 60-71 from Palgrave Macmillan

Abstract: Abstract Until a few years ago, Central Banks were regarded as an integral part of the Government’s central policy-making machine. The phrase, ‘the Monetary Authorities’, was coined and used to describe the combined operations of the Central Banks and Treasury, under the political leadership of Chancellor/Treasurer and Prime Minister. The idea that a Central Bank might, or should, be independent of Central Government was simply not considered as a serious issue in most countries. Yet this is now an idea whose time has most certainly come.

Keywords: Monetary Policy; Central Bank; Fiscal Policy; European Central Bank; Price Stability (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37915-2_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230379152

DOI: 10.1057/9780230379152_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().