Central Bank Independence: An Update of Theory and Evidence

Helge Berger, Jakob de Haan and Sylvester Eijffinger

Journal of Economic Surveys, 2001, vol. 15, issue 1, 3-40

Abstract: This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, research in which the inflationary bias is endogenised is reviewed. Finally, the various challenges that have been raised against previous empirical findings on CBI are discussed. We conclude that the negative relationship between CBI and inflation is quite robust.

Date: 2001
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Citations: View citations in EconPapers (236)

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https://doi.org/10.1111/1467-6419.00131

Related works:
Working Paper: Central Bank Independence: An Update of Theory and Evidence (2000)
Working Paper: Central Bank Independence: An Update of Theory and Evidence (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:15:y:2001:i:1:p:3-40

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