Credibility of Central Bank Independence Revisited /
The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent central bank is endogenous to the credibility of the inflation target because a '...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1999/002 |
| Online adgang: | Full text available on IMF |