Central bank independence: monetary policies in selected jurisdictions (II)
Through an investigation of selected jurisdictions, this paper aims to contribute to the extant literature in investigating the relationship between central bank independence and price stability, as well as how such a relationship varies between different jurisdictions – even though it is widely argued that political and legislative interference is often contributory to price instability. This paper employs times series data to study the dynamics of central bank independence. It also employs bivariate cointegration methodology to examine the long-term relationship between inflation index and the different measures of financial development.
|Date of creation:||31 Mar 2013|
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- Theodore Panagiotidis & Afroditi Triampella, 2006.
"Central Bank Independence and inflation: the case of Greece,"
REVISTA DE ECONOMÍA DEL ROSARIO,
UNIVERSIDAD DEL ROSARIO.
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- Otero, Jesus & Ramirez, Manuel, 2006. "Inflation before and after central bank independence: The case of Colombia," Journal of Development Economics, Elsevier, vol. 79(1), pages 168-182, February.
- Wojciech S. Maliszewski, 2000. "Central Bank Independence in Transition Economies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(3), pages 749-789, November.
- Malcolm Sawyer, 2006. "Inflation targeting and central bank independence: we are all Keynesians now! or are we?," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 28(4), pages 639-652, July.
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