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Optimal Central Bank Conservativeness in an Open Economy

โœ Scribed by Sylvester Eijffinger; Marco Hoeberichts; Eric Schaling


Book ID
110220777
Publisher
Springer US
Year
2000
Tongue
English
Weight
95 KB
Volume
105
Category
Article
ISSN
0048-5829

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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 1980โ€“1989. We document fairly consistent empirical evidence in