euro area, by reconciling the relations between the three essential pillars - supranational monetary independence, national … fiscal independence and the no bail-out clause applied in the union of states with single currency. The analyses carried out …

This study examines the determinants of inflation volatility in Tunisia, focusing on central bank independence (CBI …, high de jure independence in a binary regime is associated with a slight increase in inflation fluctuations. This indicates … that legal independence alone is insufficient without fiscal discipline or effective coordination between the monetary and …

enhance de facto independence by diluting this influence. We also show that when anti-inflationary pressures dominate, an …

The objective of this paper is to analyze the impact of central bank independence on inflation in Western Balkan … countries is used to analyse the effects of central bank independence on inflation. Results show that central bank independence … central bank independence to fight inflation. …

This paper investigates the impact of reforms altering legal central bank independence (CBI) on monetary policy …