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Central bank independence


  • Owen F. Humpage


A discussion of how higher levels of central bank independence are associated with lower and more stable rates of inflation and why central bank autonomy is critical in a world where most governments are unwilling to hold themselves publicly accountable for price stability.

Suggested Citation

  • Owen F. Humpage, 1994. "Central bank independence," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
  • Handle: RePEc:fip:fedcec:y:1994:i:apr1

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    References listed on IDEAS

    1. Barth, James R & Bartholomew, Philip F & Bradley, Michael, 1990. " Determinants of Thrift Institution Resolution Costs," Journal of Finance, American Finance Association, vol. 45(3), pages 731-754, July.
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