This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Central bank independence and sacrifice ratios

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Andreas Fischer

Additional information is available for the following registered author(s):

Abstract

Do countries with independent central banks enjoy lower output costs during disinflation? Credibility should allow independent central banks to adjust quicker and thereby suffer lower output costs. The objective of this study is to test the credibility hypothesis that countries with independent central banks suffer lower output losses over a disinflationary cycle than do countries with less independent central banks. Copyright Kluwer Academic Publishers 1996

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://hdl.handle.net/10.1007/BF01886126
File Format: text/html
File Function:
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Springer in its journal Open Economies Review.

Volume (Year): 7 (1996)
Issue (Month): 1 (January)
Pages: 5-18
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:openec:v:7:y:1996:i:1:p:5-18

Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=100323

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: central bank independence; sacrifice ratios;

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Laurence Ball, 1993. "What determines the sacrifice ratio?," Working Papers 93-21, Federal Reserve Bank of Philadelphia.
    Other versions:
  2. Cukierman, Alex & Kalaitzidakis, Pantelis & Summers, Lawrence H. & Webb, Steven B., 1993. "Central bank independence, growth, investment, and real rates," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 95-140, December. [Downloadable!] (restricted)
  3. Romer, David, 1993. "Openness and Inflation: Theory and Evidence," The Quarterly Journal of Economics, MIT Press, vol. 108(4), pages 869-903, November. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Miguel Rueda, 2008. "Breaking Credibility in Monetary Policy: The Role of Politics in the Stability of the Central Banker," RES Working Papers 4585, Inter-American Development Bank, Research Department. [Downloadable!]
  2. Giuseppe Diana & MoÏse Sidiropoulos, 2006. "Central Bank Independence and the Cost of Disinflation: Why the Wage Contracts Length Matters?," International Advances in Economic Research, Springer, vol. 12(3), pages 287-297, August. [Downloadable!] (restricted)
  3. Costas Karfakis & Demetrios Moschos & Moïse Sidiropoulos, 2004. "Capital mobility and inflation persistence: theory and evidence from Greece," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 125-133. [Downloadable!]
  4. Harold Brumm & Richard Krashevski, 2003. "The Sacrifice Ratio and Central Bank Independence Revisited," Open Economies Review, Springer, vol. 14(2), pages 157-168, April. [Downloadable!] (restricted)
  5. Ernst Baltensperger & Peter Kugler, 2000. "Central Bank Independence and Sacrifice Ratios: Some Further Considerations," Open Economies Review, Springer, vol. 11(2), pages 111-125, April. [Downloadable!] (restricted)
  6. Giuseppe DIANA, 2000. "Wage Indexation, Central Bank Independence and the Cost of Disinflation," Working Papers of BETA 2000-03, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
  7. J. Benson Durham, 2001. "Sacrifice ratios and monetary policy credibility: do smaller budget deficits, inflation-indexed debt, and inflation targets lower disinflation costs?," Finance and Economics Discussion Series 2001-47, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  8. Miguel Rueda, 2008. "Credibilidad en la política monetaria: Papel de políticas en la estabilidad del Presidente del Banco Central," RES Working Papers 4586, Inter-American Development Bank, Research Department. [Downloadable!]
  9. Agustin Carstens & Luis Ignacio Jácome H., 2005. "Latin American Central Bank Reform: Progress and Challenges," IMF Working Papers 05/114, International Monetary Fund. [Downloadable!]
    Other versions:
  10. Thomas Jordan, 1998. "An Empirical Observation on Central Bank Independence and Real Output," Open Economies Review, Springer, vol. 9(3), pages 221-227, July. [Downloadable!] (restricted)
  11. Giuseppe Diana & Moise Sidiropoulos, 2003. "Central Bank Independence, Speed of Disinflation and the Sacrifice Ratio," Working Papers of BETA 2003-08, Bureau d'Economie Théorique et Appliquée, ULP, Strasbourg. [Downloadable!]
    Other versions:
  12. Agustín Carstens, & Luis I. Jácome, 2005. "The 1990s Institutional Reform of Monetary Policy in Latin America," Working Papers Central Bank of Chile 343, Central Bank of Chile. [Downloadable!]
  13. Thomas Jordan, 1997. "Disinflation costs, accelerating inflation gains, and central bank independence," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 133(1), pages 1-21, March. [Downloadable!] (restricted)
Statistics
Access and download statistics

Did you know? All bibliographic data on IDEAS has been put in the public domain by the publishers.

This page was last updated on 2009-12-8.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.