Do central bank independence reforms matter for inflation performance? | Zendy

Mats Landström | Zendy

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Do central bank independence reforms matter for inflation performance?

Author(s) -

Mats Landström

Publication year - 2011

Publication title -

international journal of banking accounting and finance

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.19

H-Index - 10

eISSN - 1755-3849

pISSN - 1755-3830

DOI - 10.1504/ijbaaf.2011.043700

Subject(s) - inflation (cosmology) , independence (probability theory) , central bank , economics , inflation targeting , monetary policy , monetary economics , mathematics , statistics , physics , theoretical physics

A difference-in-difference approach was used to investigate whether central bank independence (CBI) reforms matter for inflation, based on a novel dataset including the possible occurrence of such reforms in 132 countries during the period 1980 to 2005. CBI-reforms are found to have contributed to bringing down high inflation rates where those existed, but they seem unrelated to performance in low-inflation countries.

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