Results 261 to 270 of about 496,504 (299)

Central Bank Independence

2008
Central bank independence refers to the freedom of monetary policymakers from direct political or governmental influence in the conduct of policy.
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Reconsidering central bank independence

European Journal of Political Economy, 2002
Abstract In this paper, we survey the case for central bank independence (CBI). We conclude that CBI is neither necessary nor sufficient for monetary stability. CBI is just one potentially useful monetary policy design instrument among several, and CBI should not be treated as an exogenous variable.
Bernd Hayo, Carsten Hefeker
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Central-Bank Independence

2019
This chapter focuses on the independence of central banks. Constraints on governments as regards the setting of monetary policy are widely seen as a remedy against high inflation. Reasons why independent central banks produce less inflation include their autonomy from political pressure to finance public expenditure via printing money, and their ...
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Measuring central bank independence: a latent variables approach

Scottish Journal of Political Economy, 2003
AbstractWe argue that central bank independence (CBI) is a latent variable of which the various existing quantifications are imperfect indicators. We show how factor analysis techniques can be employed to assess the quality of the various indicators, and how an optimal weighting of the indicators can be obtained that gives the best approximation of CBI.
de Haan, J., Leertouwer, E., Meijer, H.J., Wansbeek, T.J.   +3 more
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Central Bank Independence

2015
Central bank independence has for many years appeared to be a successfulway of ensuring low inflation. But that independence has beenmodified, compromised, or even ended in the wake of the recent financialcrisis. This paper explains why such shocks are likely to affect independenceas a consequence of the inevitable incompleteness of the contractwhich ...
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Does central bank independence still matter?

European Journal of Political Economy, 2008
This paper sets out background on the literature on central bank independence (CBI) and summarizes the contributions of the papers in this special issue. The clear impression is that the answer to the question "Does central bank independence still matter?" is affirmative. (C) 2008 Elsevier B.V. All rights reserved.
MASCIANDARO, DONATO, J. de Haan, M. Quintyn   +2 more
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Central bank independence [PDF]

, 1994
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 for price stability.
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Central Bank Independence and Monetary Control

The Economic Journal, 1994
ing from details, these conclusions imply that inflation is lower the higher is CBI and that, given independence, countries that pre-announce monetary policy have even lower rates of inflation. Furthermore, there is no evidence that CBI retards growth or investment. As a matter of fact, for LDCs, the evidence points in the opposite direction.
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Reconsidering Central Bank Independence

Central bank independence has become one of the most widely accepted tenets of modern monetary policy. According to this view, the main role of independent central banks is to maintain price stability through the adjustment of short-term interest rates.
Stan Du Plessis, Andreas Freytag, Dawie van Lill   +2 more
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Brain and other central nervous system tumor statistics, 2021

Ca-A Cancer Journal for Clinicians, 2021
Kimberly D Miller, Quinn T Ostrom, Carol Kruchko Ba   +2 more
exaly