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The Political Economy of Central-Bank Independence

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Author Info

  • Eijffinger, S-C-W
  • de Haan, J

Abstract

It is often argued that a high level of central-band independence coupled with an explicit mandate that the bank aim for price stability are important institutional devices for maintaining that stability. Indeed, a number of countries have recently increased the independence of their central banks in order to raise their commitment to price stability.

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Bibliographic Info

Paper provided by International Economics Section, Departement of Economics Princeton University, in its series Princeton Studies in International Economics with number 19.

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Length: 82 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:fth:prinfi:19

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Postal: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
Phone: (609) 258-4000
Fax: (609) 258-6419
Email:
Web page: http://www.econ.princeton.edu/
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Keywords: CENTRAL BANKS; MONETARY POLICY;

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