Central Bank Independence [PDF]
A discussion of how higher levels of central bank independence are associated with lower and more stable rates of inflation and why central bank autonomy is critical in a world where most governments are unwilling to hold themselves publicly accountable ...
Owen F. Humpage
core +6 more sources
Central bank independence: A sensitivity analysis [PDF]
Abstract This paper investigates the empirical relationship between four measures of central bank independence and macroeconomic performance. We look at both the mean and the variance of output and inflation for twenty industrial countries for the period 1972–1992. The elasticity of inflation with respect to central bank independence is estimated and
Eijffinger, S.C.W. +2 more
openaire +10 more sources
CENTRAL BANK INDEPENDENCE AND MACROECONOMIC PERFORMANCES - AN EMPIRICAL APPROACH [PDF]
The empirical evidence upon the macroeconomic performances of the independent central banks do not always have been successfully. In some cases, the consistency of the indices based on the interpretation of central banks statues used for measuring the ...
Coroiu Sorina, Dumiter Florin Cornel
doaj +2 more sources
Panel dataset on de jure central bank independence in 21 OECD countries (excluding the Eurozone) [PDF]
This panel dataset provides an assessment of the independence of central banks in 21 OECD countries (excluding the Eurozone), focusing on their monetary policy autonomy as determined by legislation in 2010, 2015, and 2020.
Tomáš Pokorný +2 more
doaj +2 more sources
Central Bank independence [PDF]
In this paper we present the key aspects regarding central bank’s independence. Most economists consider that the factor which positively influences the efficiency of monetary policy measures is the high independence of the central bank. We determined that the National Bank of Romania (NBR) has a high degree of independence.
Vasile DEDU, Tiberiu STOICA
core +5 more sources
The Concept of Independence of Central Bank on the Example of the National Bank of Poland [PDF]
The need for independence of the central bank results from the fiduciary nature of modern money. Independence of the central bank is generally understood as depriving the executive of the influence on the bank's decisions, while depriving the legislative
Agata Tarnacka
doaj +15 more sources
Central bank independence as a prerequisite for ensuring price stability: Modeling the role of the national pattern [PDF]
Ensuring price stability is a dominant function of the central bank. Empirical studies on various statistical samples give conflicting results regarding the influence of central bank independence on the inflation rate.
Atik Kerimov +4 more
doaj +1 more source
Interaction of Central Bank Independence and Transparency: Bibliometric Analysis [PDF]
This paper summarizes the arguments and counterarguments within the scientific discussion on the central bank independence and central bank transparency interaction.
Dudchenko Victoria Yuriivna
doaj +1 more source
The relationship between central bank independence and systemic fragility: global evidence
This study investigates the relationship between central bank independence and financial stability in a global sample covering 56 countries from 1980 to 2012.
Duc Nguyen Nguyen, Thuy T. Dang
doaj +1 more source
Meta-Analysis of the Effect of Central Bank Independence on Inflation [PDF]
Studies conducted on the relationship between central bank independence and inflation show heterogeneity in the results. Some of these studies have concluded a negative relationship, while others have concluded a positive or insignificant relationship ...
Mohammad Javad Nourahmadi +2 more
doaj +1 more source

