Inflation Performance and Constitutional Central Bank Independence
By:Miss Eva Gutierrez
Published on 2003-03-01 by International Monetary Fund
This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation performance. Empirical studies for developing countries have not found a relationship between central bank independence, proxied by the |de jure| independence established in the central bank law, and inflation. We argue that the constitution is likely to be better enforced than ordinary statutes owing to its higher legal rank. Our empirical analysis finds that in a sample of Latin American and Caribbean countries, those countries that entrench the independence of the central bank in the constitution have a better inflation performance.
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Book ID of Inflation Performance and Constitutional Central Bank Independence's Books is ZlzjbBh000kC, Book which was written byMiss Eva Gutierrezhave ETAG "q5o232XdOoI"
Book which was published by International Monetary Fund since 2003-03-01 have ISBNs, ISBN 13 Code is 9781451894318 and ISBN 10 Code is 1451894317
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