Federal Reserve Bank of Cleveland
Central bank independence: the key to price stability?
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.
Cite this item
Charles T. Carlstrom & Timothy S. Fuerst, "Central bank independence: the key to price stability?"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Sep, 2006.
Keywords: Banks and banking; Central ; Inflation (Finance)
This item with handle RePEc:fip:fedcec:y:2006:i:sep1
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