Results 261 to 270 of about 19,804 (295)

Central Bank Independence

Journal of Economic Surveys, 2001
This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, research in which the inflationary bias is endogenised is reviewed. Finally, the various challenges that have been raised against previous empirical findings on CBI are discussed.
Berger, Helge, de Haan, Jakob, Eijffinger, Sylvester C. W.   +2 more
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Central Bank independence [PDF]

Theoretical and Applied Economics, 2012
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
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Central Bank Independence

2021
The chapter covers central bank independence broadly and makes use of rich literature to bring out key issues on central bank independence from the inception of central banking in 1668 to the twenty-first century. The chapter identifies four measures of central bank independence mainly focusing on legal characteristics.
Patrick Njoroge, Désiré Kanga, Victor Murinde   +2 more
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Independence of the Central Bank

SSRN Electronic Journal, 2008
We present a model in which the central bank, the current government and the median voter interact strategically and repeatedly. If the central bank is completely independent, it can implement an equilibrium in which the monetary policy is tight and beneficial in the long run.
Rogerio Mazali, José A. Rodrigues-Neto
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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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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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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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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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Central bank independence: It is protected, but is it clearly delineated?

Maastricht Journal of European and Comparative Law, 2022
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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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