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The role of central bank independence on optimal taxation and seigniorage

✍ Scribed by Nolivos, Roberto Delhy; Vuletin, Guillermo

Book ID: 123193817
Publisher: Elsevier Science
Year: 2014
Tongue: English
Weight: 467 KB
Volume: 34
Category: Article
ISSN: 0176-2680
DOI: 10.1016/j.ejpoleco.2013.09.010

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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