Measuring Central Bank Independence: Ordering, Ranking, or Scoring?

King Banaian

Chapter Chapter 3 in The Design and Use of Political Economy Indicators, 2008, pp 33-55 from Palgrave Macmillan

Abstract: Abstract Central Bank Independence as an area for international comparison and for study by international political economists has been around for approximately two decades, spurred on by the work of Bade and Parkin (1982). It probably reached its full fruition with the work of Cukierman and others, centering on work done at the World Bank. There are others too, and we should not ignore them, but since the mid-1990s most of the work done has centered on the Cukierman-type model.

Keywords: Monetary Policy; Central Bank; Chief Executive Officer; European Central Bank; Price Stability (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230616622_3

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