Do Central Bank Independence Reforms Matter for Inflation Performance?
2011 (English)In: International Journal of Banking, Accounting and Finance, ISSN 1755-3830, Vol. 3, no 4, 320-335 p.Article in journal (Refereed) Published
A difference-in-difference approach was used to investigate whether central bank independence (CBI) reforms matter for inflation, based on a novel dataset including the possible occurrence of such reforms in 132 countries during the period 1980 to 2005. CBI-reforms are found to have contributed to bringing down high inflation rates where those existed, but they seem unrelated to performance in low-inflation countries.
Place, publisher, year, edition, pages
InderScience Publishers, 2011. Vol. 3, no 4, 320-335 p.
monetary policy, institutional reforms, central banking, price stability, political economy, delegation, central bank independence, banking reforms, inflation performance
Research subject Economics
IdentifiersURN: urn:nbn:se:umu:diva-83981DOI: 10.1504/IJBAAF.2011.043700OAI: oai:DiVA.org:umu-83981DiVA: diva2:678349
Biographical notes: Mats Landström is associated with the Department of Business and Economic Studies, University of Gävle. His research concerns empirical macroeconomics.2013-12-112013-12-112014-04-08Bibliographically approved