Journal Article
Central bank independence: the key to price stability?
Abstract: Low inflation over long periods is the sign of an effective central bank. The authors suggest that a large fraction of the worldwide decline in inflation since the early 1980s results from an international movement toward more independent central banks.
Keywords: Inflation (Finance); Banks and banking, Central;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2006
Issue: Sep
Order Number: 1