CENTRAL BANK INDEPENDENCE AND ECONOMIC GROWTH: AN ANALYSIS OF THE LINK BETWEEN THEM
DOI:
https://doi.org/10.22456/2176-5456.10842Palavras-chave:
Central bank independence. Investment. Economic growth.Resumo
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.Downloads
Não há dados estatísticos.
Downloads
Publicado
2009-10-14
Como Citar
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
Edição
Seção
Artigos