Inflation and central bank independence: Two-way causality?

被引:12
|
作者
Brumm, Harold J. [1 ]
机构
[1] US Govt Accountabil Off, Washington, DC 20548 USA
关键词
Central bank independence; Inflation; Causality; POLITICAL-INSTITUTIONS; COUNTRIES; SET;
D O I
10.1016/j.econlet.2011.02.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
It is now generally accepted that there is a negative relationship between inflation and central bank independence (CBI). This study finds that inflation and CBI are endogenously determined, yet the negative correlation between the two remains robust. Published by Elsevier B.V.
引用
收藏
页码:220 / 222
页数:3
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