Inflation and central bank independence: Two-way causality?

Harold Brumm ()

Economics Letters, 2011, vol. 111, issue 3, 220-222

Abstract: It is now generally accepted that there is a negative relationship between inflation and central bank independence (CBI). This study finds that inflation and CBI are endogenously determined, yet the negative correlation between the two remains robust.

Keywords: Central; bank; independence; Inflation; Causality (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:111:y:2011:i:3:p:220-222

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