Central Bank Independence: An update of theory and evidence

Journal of Economic Surveys

Volumn 15, Issue 1, 2001, Pages 3-40

  Berger, Helge ^a   De Haan, Jakob ^b   Eijffinger, Sylvester C W ^c  

^a UNIVERSITY OF MUNICH   (Germany)

^b UNIVERSITY OF GRONINGEN   (Netherlands)

^c TILBURG UNIVERSITY   (Netherlands)

Author keywords

Central Bank Independence; Inflation; Labour Markets

Indexed keywords

CENTRAL BANK; INFLATION; LABOR MARKET;

EID: 0035087264     PISSN: 09500804     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-6419.00131     Document Type: Article

References (15)

1. Agell, J. and Ysander, B.-C. (1993) Should government's learn to live with inflation? Comment. American Economic Review, 83, 1, 305-311.
2. Akhand, H. A. (1998) Central bank independence and growth: a sensitivity analysis. Canadian Journal of Economics, 31, 303-317.
3. Al-Nowaihi, A. and Levine, P. (1994) Can reputation resolve the monetary policy credibility problem?. Journal of Monetary Economics, 33, 355-80.
4. Bagheri, F. M. and Habibi, N. (1998) Political institutions and central bank independence: a cross-country analysis. Public Choice, 96, 187-204.
5. Banaian, K., Burdekin, R. C. K. and Willett, T. D. (1995) On the political economy of central bank independence. In K. D. Hoover and S. M. Sheffrin, (eds), Monetarism and the Methodology of Economics. Aldershot: Edward Elgar.
6. Banaian, K., Burdekin, R. C. K. and Willett, T. D. (1998) Reconsidering the principal components of central bank independence: the more the merrier, Public Choice, 97, 1-12.
7. Barro, R. J. and Gordon, D. (1983) Rules, discretion, and reputation in a positive model of monetary policy. Journal of Monetary Economics, 12, 101-121.
8. Berger, H. (1997) The Bundesbank's path to independence, evidence from the 1950s. Public Choice, 93, 427-453.
9. Berger, H. (1998) Regulation in Germany: some stylized facts about its time path, causes, and consequences. Zeitschrift für Wirtschafts- und Sozialwissenschaften, 118, 2, 185-220.
10. Berger, H. and de Haan, J. (1999) A state within a state? An event study on the Bundesbank. Scottish Journal of Political Economy, 46, 17-39.
11. Berger, H., Jensen, H. and Schjelderup, G. (1998) To peg or not to peg? A simple model of exchange rate policy in small economies. Mimeo, December 1998.
12. Berger, H. and Woitek, U. (1999) Does conservatism matter? A time series approach to central banking. CESifo Working Paper, 190.
13. Berthold, N. and Fehn, R. (1998) Does EMU promote labour-market reform? Kyklos, 51, 4, 509-36.
14. Bleany, M. (1996) Central bank independence, wage-bargaining structure, and macroeconomic performance in OECD countries. Oxford Economic Papers, 48, 20-38.
15. Blinder, A. S. (1999) Central bank credibility: why do we care? How do we build it? NBER Working Paper 7161.