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Central bank independence and inflation: a note

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Author Info
Charles T. Carlstrom
Timothy S. Fuerst

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Abstract

We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two thirds of the improved inflation performance of these nations over the last two decades.

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Publisher Info
Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 0621.

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Date of creation: 2006
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Handle: RePEc:fip:fedcwp:0621

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Related research
Keywords: Banks and banking; Central ; Inflation (Finance);

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This paper has been announced in the following NEP Reports: Cited by:
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  1. Denise Côté & Carlos de Resende, 2008. "Globalization and Inflation: The Role of China," Working Papers 08-35, Bank of Canada. [Downloadable!]
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This page was last updated on 2009-11-12.

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