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Central Bank Independence: An Update of Theory and Evidence

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  • Bevger, H.
  • Haan, J. de
  • Eijffinger, S.C.W.

    (Tilburg University)

Abstract

This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, research in which the inflationary bias is endogenised is reviewed. Finally, the various challenges that have been raised against previous empirical findings on CBI are discussed. We conclude that the negative relationship between CBI and inflation is quite robust. Copyright 2001 by Blackwell Publishers Ltd

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Bibliographic Info

Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-82768.

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Length: 56
Date of creation: 2000
Date of revision:
Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-82768

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Web page: http://www.tilburguniversity.edu/

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