Inflation and central bank independence: Two-way causality?
AbstractIt is now generally accepted that there is a negative relationship between inflation and central bank independence (CBI). This study finds that inflation and CBI are endogenously determined, yet the negative correlation between the two remains robust.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 111 (2011)
Issue (Month): 3 (June)
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Web page: http://www.elsevier.com/locate/ecolet
Central bank independence Inflation Causality;
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