Do central bank independence reforms matter for inflation performance?

Mats Landström

International Journal of Banking, Accounting and Finance, 2011, vol. 3, issue 4, 320-335

Abstract: A difference-in-difference approach was used to investigate whether central bank independence (CBI) reforms matter for inflation, based on a novel dataset including the possible occurrence of such reforms in 132 countries during the period 1980 to 2005. CBI-reforms are found to have contributed to bringing down high inflation rates where those existed, but they seem unrelated to performance in low-inflation countries.

Keywords: monetary policy; institutional reforms; central banking; price stability; political economy; delegation; central bank independence; banking reforms; inflation performance. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:injbaf:v:3:y:2011:i:4:p:320-335

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