Does Central Bank Independence Lower Inflation?
| dc.contributor.author | Ismihan, M | |
| dc.contributor.author | Ozkan, FG | |
| dc.contributor.author | Gulcin Ozkan, F. | |
| dc.date.accessioned | 2024-07-05T15:08:40Z | |
| dc.date.available | 2024-07-05T15:08:40Z | |
| dc.date.issued | 2004-09 | |
| dc.description.abstract | This paper provides a potential explanation for the recent findings of no significant relationship between central bank independence (CBI) and lower inflation. We argue that although CBI delivers lower inflation in the short-term, it may reduce the scope for productivity enhancing public investment and so harm future growth potential. We also argue that the effects on growth make CBI less likely to achieve lower inflation in the long-term. (C) 2004 Elsevier B.V. All rights reserved. | en_US |
| dc.description.sponsorship | We are grateful for useful comments from participants at MMF Conference and seminars at the University of Cambridge and the University of Birmingham. We would like to thank the ESRC for research support under the ‘Understanding the Evolving Macroeconomy Program’ (Grant L138251026). | |
| dc.description.sponsorship | Economic and Social Research Council, ESRC, (L138251026) | |
| dc.identifier.doi | 10.1016/j.econlet.2003.12.022 | |
| dc.identifier.issn | 0165-1765 | |
| dc.identifier.issn | 1873-7374 | |
| dc.identifier.scopus | 2-s2.0-3342909619 | |
| dc.identifier.uri | https://doi.org/10.1016/j.econlet.2003.12.022 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14411/1082 | |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier Science Sa | en_US |
| dc.relation.ispartof | Economics Letters | |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | central bank independence | en_US |
| dc.subject | public investment | en_US |
| dc.subject | inflation | en_US |
| dc.title | Does Central Bank Independence Lower Inflation? | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication | |
| gdc.author.id | ISMIHAN, MUSTAFA/0000-0001-6326-6912 | |
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| gdc.author.wosid | Ismihan, Mustafa/PDX-3753-2025 | |
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| gdc.description.department | Atılım University | en_US |
| gdc.description.departmenttemp | Univ York, Dept Econ, York YO10 5DD, N Yorkshire, England; Atilim Univ, Dept Econ, Ankara, Turkey | en_US |
| gdc.description.endpage | 309 | en_US |
| gdc.description.issue | 3 | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.startpage | 305 | en_US |
| gdc.description.volume | 84 | en_US |
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