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On Central Bank Independence and the Stability of Policy Targets

✍ Scribed by Francesco Lippi


Book ID
108535426
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
102 KB
Volume
100
Category
Article
ISSN
0347-0520

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## Abstract We test some positive implications of the commitment hypothesis for the design of monetary institutions in open economies, by studying the determinants of Central Bank independence on a sample of 55 countries, for the period 1980–1989. We document fairly consistent empirical evidence in