Central bank independence: An update of theory and evidence

被引：119
|
作者：
Berger, H [1 ]
de Haan, J
Eijffinger, SCW
机构：
[1] Univ Munich, D-80539 Munich, Germany
[2] Univ Groningen, NL-9700 AB Groningen, Netherlands
[3] Tilburg Univ, Tilburg, Netherlands
来源：
JOURNAL OF ECONOMIC SURVEYS | 2001年 / 15卷 / 01期
关键词：
central bank independence; inflation; labour markets;
D O I：
10.1111/1467-6419.00131
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, research in which the inflationary bias is endogenised is reviewed. Finally, the various challenges that have been raised against previous empirical findings on CBI are discussed. We conclude that the negative relationship between CBI and inflation is quite robust.
引用
收藏
页码：3 / 40
页数：38
相关论文
共 50 条
  • [21] ON THE DETERMINANTS OF CENTRAL BANK INDEPENDENCE IN OPEN ECONOMIES
    D'Amato, Marcello
    Pistoresi, Barbara
    Salsano, Francesco
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2009, 14 (02) : 107 - 119
  • [22] The limits of central bank independence for inflation performance
    Lim, Jamus Jerome
    PUBLIC CHOICE, 2021, 186 (3-4) : 309 - 335
  • [23] Central Bank Independence, Inflation, and Poverty in Africa
    Gyeke-Dako, Agyapomaa
    Agbloyor, Elikplimi Komla
    Agoba, Abel Mawuko
    Turkson, Festus
    Abbey, Emmanuel
    JOURNAL OF EMERGING MARKET FINANCE, 2022, 21 (02) : 211 - 236
  • [24] Political economy behind central bank independence
    Burkovskaya, Anastasia
    JOURNAL OF MACROECONOMICS, 2019, 61
  • [25] Central Bank Independence: The Case of North African Central Banks
    Haoudi, Amina
    Touati, Ali Bennagem
    JOURNAL OF CENTRAL BANKING THEORY AND PRACTICE, 2023, 12 (03) : 61 - 85
  • [26] The Politics of Central Bank Independence
    Fernandez-Albertos, Jose
    ANNUAL REVIEW OF POLITICAL SCIENCE, VOL 18, 2015, 18 : 217 - 237
  • [27] A REVIEW OF CENTRAL BANK INDEPENDENCE
    Kolar, Martin
    PROCEEDINGS OF 12TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, PTS I AND II, 2015, : 415 - 423
  • [28] Understanding Central Bank Independence
    Marshall, Wesley C.
    Rochon, Louis-Philippe
    INTERNATIONAL JOURNAL OF POLITICAL ECONOMY, 2022, 51 (04) : 346 - 373
  • [29] Central Bank Independence and Deflation
    Tokic, Damir
    PUBLIC ADMINISTRATION REVIEW, 2018, 78 (05) : 803 - 808
  • [30] Populism and Central Bank Independence
    Charles Goodhart
    Rosa Lastra
    Open Economies Review, 2018, 29 : 49 - 68
12345