Central Bank Transparency and Independence: Updates and New Measures

Nazire Nergiz Dincer and Barry Eichengreen

No 2013-21, Working Papers from Economic Research Institute, Bank of Korea

Abstract: This paper reports updated measures of transparency and independence for more than 100 central banks. The indices show that there has been steady movement in the direction of greater transparency and independence over time. In addition, we show that outcomes such as the variability of inflation are significantly affected by both central bank transparency and independence. Disentangling the impact of the two dimensions of central bank arrangements remains difficult, however.

Keywords: Central Bank; Transparency; Independence (search for similar items in EconPapers)
JEL-codes: E0 E4 F0 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2013-09-04
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Citations: View citations in EconPapers (21)

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http://papers.bok.or.kr/RePEc_attach/wpaper/english/wp-2013-21.pdf Working Paper, 2013 (application/pdf)

Related works:
Journal Article: Central Bank Transparency and Independence: Updates and New Measures (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:bok:wpaper:1321

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