Accountability of central banks: aspects and quantification

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.

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Year of publication:	1999
Authors:	HAAN, J. DE ; AMTENBRINK, F. ; EIJFFINGER, S.C.W.
Published in:	BNL Quarterly Review. - Banca Nazionale del Lavoro. - Vol. 52.1999, 209, p. 169-193
Publisher:	Banca Nazionale del Lavoro
Subject:	Central bank accountability \| independence

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Extent:	application/pdf
Type of publication:	Article
Classification:	E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010754927