What is it about?

We analyze the relationship between central bank independence and inflation in Central and Eastern Europe employing a panel data model. We find that central bank independence is associated with lower average inflation.

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Why is it important?

This paper is based on a expanded sample covering the more recent post-transition period.

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This page is a summary of: The link between central bank independence and inflation in Central and Eastern Europe: are the results sensitive to endogeneity issue omitted dynamics and subjectivity bias?, Journal of Post Keynesian Economics, July 2012, Taylor & Francis,
DOI: 10.2753/pke0160-3477340403.
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