Central Bank Independence and Inflation - The Continuing Debate

Language: English

Published by LAP Lambert Academic Publishing, 2013

3659106984 / 9783659106989

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - This book is an investigation of the relation between central bank s independence (CBI) with regard to influencing inflation. Considering proxies of CBI together with other macroeconomic variables (42 countries for the period 1960-2009), the study identifies determinants of inflation with particular focus on the CBI-inflation nexus. Employing Ordinary Least Square (OLS) and Maximum Likelihood (ML) estimations, it was found that CBI affects inflation only when both the developed and the developing countries are considered together, but not when the sub-samples are considered independently. Results are interpreted with a degree of caution because a measure of CBI is an indistinct demonstration. In particular, the extent of an economy s openness has been found to be especially significant in influencing inflation (at both aggregate and disaggregate levels). GDP, historical inflationary trend, lack of political stability and high debt-GDP ratio have been additionally identified as significant factors influencing inflation (for the whole sample only and not when the developed and developing countries are considered in a mutually exclusive manner).…

Seller Inventory # 9783659106989

Title
Central Bank Independence and Inflation - The Continuing Debate
Author
Mashfique Akbar
Publisher
LAP Lambert Academic Publishing
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3659106984
ISBN 13
9783659106989
Item weight
107 grams
Dimensions
220x150x5 mm

AHA-BUCH GmbH

Einbeck, Germany

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Shipping rates from Germany to U.S.A.

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