Central Bank Independence : A Free Lunch?

A Free Lunch?

Central Bank Independence : A Free Lunch?
This paper extends the analysis of central bank independence to a model in which there is more than one policymaker. It shows that the degree of central bank independence as generally defined in the existing theoretical literature is only one of the influences on macroeconomic performance. The objectives of the fiscal authority, the commitment... READ MORE...

Publication date: January 1996
ISBN 9781451841589
$15.00

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