Journal Article

Central bank independence


Abstract: A discussion of how higher levels of central bank independence are associated with lower and more stable rates of inflation and why central bank autonomy is critical in a world where most governments are unwilling to hold themselves publicly accountable for price stability.

Keywords: Federal Reserve System - Independence; Banks and banking, Central;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1994

Issue: Apr

Order Number: 1