Central Bank Independence and the Price-Output-Variability Trade-off
(English)Manuscript (preprint) (Other academic)
Data on central bank independence (CBI) and implementation dates of CBI-reforms were used to investigate the relationship between CBI and a possible trade-off between inflation variability and output variability. No such trade-off was found, but there might still be stabilization gains from CBI-reform.
Research subject Economics
IdentifiersURN: urn:nbn:se:umu:diva-83983OAI: oai:DiVA.org:umu-83983DiVA: diva2:678359