Economics, Econometrics and Finance
8 years ago

Strong legal frameworks for central bank independence reduce inflation levels dramatically.

Palgrave Macmillan UK eBooks
Independence and Inflation Performance: New Empirical Evidence
Bernard Laurens, Marco Arnone, Jean-François Segalotto

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The article explores how central bank independence affects inflation levels in emerging markets. It looks at whether strong legal frameworks for central bank independence have helped reduce average inflation rates. The study focuses on countries where inflation has been volatile, showing that inflation has dropped significantly since the early 1990s in these regions.