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Central Bank Independence and Credibility: Is There a Shred of Evidence?

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  • James Forder

Abstract

Books reviewed in this article: P. Arestis and M. Sawyer, eds, The Political Economy of Central Banking. A. Blinder, Central Banking in Theory and Practice. The Bundesbank, ed., Fifty Years of the Deutsche Mark. R. Elgie and H. Thompson, The Politics of Central Banks. F. Lippi, Central Bank Independence, Targets and Credibility.

Suggested Citation

  • James Forder, 2000. "Central Bank Independence and Credibility: Is There a Shred of Evidence?," International Finance, Wiley Blackwell, vol. 3(1), pages 167-185, April.
    • Handle: RePEc:bla:intfin:v:3:y:2000:i:1:p:167-185
    DOI: 10.1111/1468-2362.00046
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    Cited by:

    1. Libich, Jan & Stehlík, Petr, 2011. "Endogenous monetary commitment," Economics Letters, Elsevier, vol. 112(1), pages 103-106, July.
    2. Neil Hart & Peter Kriesler, 2015. "Post-Keynesian Economics: A User's Guide," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 48(3), pages 321-332, September.
    3. Siklos, Pierre L. & Abel, Istvan, 2002. "Is Hungary ready for inflation targeting?," Economic Systems, Elsevier, vol. 26(4), pages 309-333, December.
    4. Andrew Hallett & Jan Libich, 2012. "Explicit inflation targets and central bank independence: friends or foes?," Economic Change and Restructuring, Springer, vol. 45(4), pages 271-297, November.
    5. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    6. James Forder, 2000. "Traps in the Measurement of Independence and Accountability of Central Banks," Economics Series Working Papers 23, University of Oxford, Department of Economics.
    7. Linda S. Goldberg & Michael W. Klein, 2011. "Evolving Perceptions of Central Bank Credibility: The European Central Bank Experience," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 153-182.
    8. J Whittaker, 2001. "The reputational constraint on monetary policy," Working Papers 539849, Lancaster University Management School, Economics Department.
    9. Alexander Mihailov, 2007. "Does Instrument Independence Matter under the Constrained Discretionof an Inflation Targeting Goal? Lessons from UK Taylor Rule Empirics," Money Macro and Finance (MMF) Research Group Conference 2006 95, Money Macro and Finance Research Group.
    10. Frederic S. Mishkin, 2008. "Challenges for Inflation Targeting in Emerging Market Countries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 44(6), pages 5-16, November.

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