Central Bank Independence and Inflation: Evidence from Mauritius

被引：2
|
作者：
Seetanah, B. [1 ]
Sannassee, R. V. [1 ]
Dilmohamed, S. [1 ]
机构：
[1] Univ Mauritius, Ebene, Mauritius
来源：
AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT | 2014年 / 26卷 / 04期
关键词：
OPENNESS; POLICY;
D O I：
10.1111/1467-8268.12112
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
The present study analyses the relationship between central bank independence and the rate of inflation for Mauritius for the period 1975-2010 using a dynamic time series analysis. Furthermore, it also presents the construction of a new CBI index which is used to assess the degree of independence enjoyed by the Bank of Mauritius over the period of study. Using an ARDL approach, the findings reveal an inverse and significant relationship between CBI and inflation in the long run. However, no significant relationship could be found in the short run.
引用
收藏
页码：561 / 571
页数：11
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