CENTRAL BANK INDEPENDENCE AND ECONOMIC GROWTH: AN ANALYSIS OF THE LINK BETWEEN THEM

Authors

  • Helder Ferreira de Mendonça

    DOI:

    https://doi.org/10.22456/2176-5456.10842

    Keywords:

    Central bank independence. Investment. Economic growth.

    Abstract

    This paper presents a simple Barro-Gordon type model to explain the link between central bank independence (CBI) and inflation. It then extends the model to examine the link between CBI and economic growth. Using an index of CBI created by Cukierman, Webb and Neyapti (1992) the paper empirically tests the link between CBI, investment and growth. This paper finds no evidence that CBI promotes investment or growth.

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    Published

    2009-10-14

    How to Cite

    Mendonça, H. F. de. (2009). CENTRAL BANK INDEPENDENCE AND ECONOMIC GROWTH: AN ANALYSIS OF THE LINK BETWEEN THEM. Análise Econômica, 24(45). https://doi.org/10.22456/2176-5456.10842

    Issue

    Vol. 24 No. 45 (2006): março de 2006

    Section

    Artigos

    License

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