Results 1 to 10 of about 580 (262)
THE EFFECT OF CENTRAL BANK INDEPENDENCE ON PRICE STABILITY: THE CASE OF INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2013 This paper investigates the relationship between central bank independence (CBI) and inflation in Indonesia during 1970-2006. Using partial adjustment Ordinary Least Square (OLS) and Engel Granger Error Correction Model, the result shows that legal CBI ...
Yessy Andriani, Prasanna Gai
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Measuring the Time Inconsistency of Monetary Policy in Indonesia
Buletin Ekonomi Moneter dan Perbankan, 2013 This study measured the time inconsistency of monetary policy in Indonesia using the asymmetric preference parameter in linear exponential loss function of the central bank.
Rini Rahmahdian, Perry Warjiyo
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MENGUKUR TIME INCONSISTENCY KEBIJAKAN MONETER DI INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2013 This study measured the time inconsistency of monetary policy in Indonesia using the asymmetric preference parameter in linear exponential loss function of the central bank.
Rini Rahmahdian, Perry Warjiyo
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Central bank independence: A sensitivity analysis [PDF]
European Journal of Political Economy, 1998 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
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Central bank independence: A paneldata approach [PDF]
Public Choice, 1996 The present paper uses a paneldata estimation technique to combine the time series for individual countries (Australia, Canada, France, Germany, Italy, Japan, the Netherlands, Switzerland, the United Kingdom and the United States). We postulated the response of central banks in these countries to inflation, economic growth and current account surplus ...
Eijffinger, S.C.W. +2 more
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The benefits of central bank's political independence [PDF]
European Economic Review, 2004 Abstract We consider a two-tier model of monetary policy where the central banker is both subject to the explicit influence of elected political principals through contracts and the implicit influence of interest groups willing to capture monetary policy.
Gabillon, Emmanuelle, Martimort, David
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A PROPOSED FRAME TO IMPROVE ALTERNATIVE INVESTMENT OPPORTUNITIES OF SOCIAL INSURANCE FUNDS FOR ACHIEVING ECONOMIC AND SOCIAL GROWTH [PDF]
Journal of Environmental Science, 2017 This study problem is crystallized in that resources of social insurance cannot achieve its targets or determinants which require reconsidering of the style of investment in a way that guarantees non-losing of political investment decisions.
Abdel Wahab Hanan, H. +2 more
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Central Bank Independence and Inflation: A Note [PDF]
SSRN Electronic Journal, 2006 We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two‐thirds of the improved inflation performance of these nations over the past two decades. (JEL E42, E58)
Charles T. Carlstrom, Timothy S. Fuerst
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Central Bank Independence: An Update of Theory and Evidence [PDF]
Journal of Economic Surveys, 2000 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 +2 more
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Central Bank Financial Independence [PDF]
SSRN Electronic Journal, 2004 Central bank independence is a multifaceted institutional design. The financial component has been seldom analysed. This paper intends to set a comprehensive conceptual background for central bank financial independence. Quite often central banks are modelled as robot like maximizers of some goal.
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