Central bank independence (CBI) is vital for maintaining stable economic expectations. Our
work employs a panel of 161 economies during the period 1970–2019 to investigate the …

This article introduces the most comprehensive dataset on de jure central bank
independence (CBI), including yearly data from 182 countries between 1970 and 2012. The …

Over the past two decades, the pace of central bank reforms in terms of institutional
independence and transparency has been particularly brisk. This paper examines the …

In this paper, we survey the case for central bank independence (CBI). We conclude that CBI
is neither necessary nor sufficient for monetary stability. CBI is just one potentially useful …

Research on central bank independence (CBI) focuses overwhelmingly on domestic causes
and consequences. We consider CBI in relation to global finance. A first step links decisions …

This paper discusses whether central bank independence (CBI) has changed since the
financial crisis. Central banks' quasi-fiscal policies during and after the crisis, and macro …

abstract In this study, we investigate the potential contribution of bank competition to
macroeconomic stability, and the interactive role of financial development. We classify …

In this paper we show that the degree of central bank independence influences the optimal
choice of monetary policy strategy during potentially unsustainable asset price booms. We …

Despite mixed empirical evidence, in the past two decades central bank independence
(CBI) has been on the rise under the assumption that it ensures price stability. Using an …

Independent central banks prefer balanced budgets due to the long-run connection between
deficits and inflation, and can enforce their preference through interest rate increases and …