Inflation and central bank independence: Two-way causality?

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.

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Year of publication:	2011
Authors:	Brumm, Harold J.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 111.2011, 3, p. 220-222
Publisher:	Elsevier
Subject:	Central bank independence Inflation Causality

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009218912