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Central bank independence: the key to price stability?

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Author Info
Charles T. Carlstrom
Timothy S. Fuerst

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Abstract

Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of the worldwide decline in inflation since the early 1980s results from an international movement toward more independent central banks.

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File URL: http://www.clevelandfed.org/Research/commentary/2006/0901.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2006)
Issue (Month): Sep 1 ()
Pages:
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Handle: RePEc:fip:fedcec:y:2006:i:sep1

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Web page: http://www.clevelandfed.org/
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Related research
Keywords: Banks and banking Central Inflation (Finance)

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This page was last updated on 2008-8-29.


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