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Accountability of Central Banks : Aspects and Quantification

Author

Listed:
  • de Haan, J.
  • Amtenbrink, F.
  • Eijffinger, S.C.W.

    (Tilburg University, Center For Economic Research)

Abstract

The work examines the relationship between central bank independence and accountability. The authors do this by using an indicator for central bank accountability based on the laws of 16 central banks. Central bank accountability is identified as having three distinct features, namely, the explicit definition and ranking of the objectives of monetary policy, the transparency of the actual monetary policy, and the final responsibility to monetary policy.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • de Haan, J. & Amtenbrink, F. & Eijffinger, S.C.W., 1998. "Accountability of Central Banks : Aspects and Quantification," Discussion Paper 1998-54, Tilburg University, Center for Economic Research.
  • Handle: RePEc:tiu:tiucen:51661f17-9a86-4fde-9ab5-a0dd6747105c
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    References listed on IDEAS

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    1. Lohmann, Susanne, 1992. "Optimal Commitment in Monetary Policy: Credibility versus Flexibility," American Economic Review, American Economic Association, vol. 82(1), pages 273-286, March.
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    12. Persson, Torsten & Tabellini, Guido, 1993. "Designing institutions for monetary stability," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 53-84, December.
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    More about this item

    Keywords

    central bank independence; central bank accountability; European central bank;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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