Central Bank Independence, Inflation, and Poverty in Africa

被引：7

作者：

Gyeke-Dako, Agyapomaa ^{[1
]}

Agbloyor, Elikplimi Komla ^{[1
]}

Agoba, Abel Mawuko ^{[2
]}

Turkson, Festus ^{[3
]}

Abbey, Emmanuel ^{[3
]}

机构：

[1] Univ Ghana, Dept Finance, POB 2305, Accra, Ghana

[2] Univ Profess Studies, Accra, Ghana

[3] Univ Ghana, Dept Econ, Accra, Ghana

来源：

JOURNAL OF EMERGING MARKET FINANCE | 2022年 / 21卷 / 02期

关键词：

Central bank independence; inflation; poverty; Africa; PANEL-DATA; INSTITUTIONS; POLICY; SPECIFICATION; PERFORMANCE; DISCRETION; IMPACT; RULES; TESTS;

D O I：

10.1177/09726527221078434

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article discusses the extent to which central bank independence (CBI) can be used to mitigate the regressive nature of inflation. Using 44 Sub-Saharan African (SSA) countries from the period 1970-2012, the article first examines whether CBI has any influence on inflation by distinguishing between legal independence and governor turnover rates. The evidence shows that CBI helps control inflation, and that inflation generally reduces poverty, and this effect is even stronger, in an environment of low CBI.

引用

页码：211 / 236

页数：26

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