Effects of central bank independence reforms on inflation in different parts of the world
Independent thesis Advanced level (degree of Master (Two Years))Student thesis
The purpose of this study is to analyze the effect of CBI-reforms on inflation in different parts of the world from a theoretical and empirical perspective. Compared to previous studies, this study focuses on whether CBI-reforms have different effects on reducing inflation in different parts of the world. The study is based on a 132 country data-set from 1980 to 2005 compiled by Daunfeldt et al. (2008). The result indicates that the reduction in inflation due to the CBI-reforms varies between 2.2 and 12.32 percentage points in Asia, Europe, South America and Oceania, supporting the claim that implementing CBI-reforms can be successful in reducing inflation in most of the parts of the world.
Place, publisher, year, edition, pages
central bank; CBI-reforms; inflation; time-inconsistency; geographic differences
IdentifiersURN: urn:nbn:se:du-5585OAI: oai:dalea.du.se:5585DiVA: diva2:519082