Central bank independence and price stability under alternative political regimes : a global evidence

dc.contributor.authorSalisu, Afees A.
dc.contributor.authorUdeaja, Elias A.
dc.contributor.authorOpuala-Charles, Silva
dc.date.accessioned2023-04-28T10:10:23Z
dc.date.available2023-04-28T10:10:23Z
dc.date.issued2022-08-31
dc.description.abstractIn this paper, we explore the connection between Central Bank Independence (CBI) and inflation under alternative political regimes. We formulate a predictive model that accommodates CBI in the analysis of inflation and thereafter we regroup the countries based on the choice of political regimes as well as the level of development. We find that CBI has a statistically significant and negative effect on inflation in countries adopting full democratic and partial autocratic regimes; but are statistically insignificant in countries operating full autocratic and partial democratic regimes. The results leading to this conclusion are robust to different levels of development.en_US
dc.description.departmentEconomicsen_US
dc.description.librarianam2023en_US
dc.description.urihttps://bmeb-bi.org/index.php/BEMPen_US
dc.identifier.citationSalisu, A.A., Udeaja, E.A., Opuala-Charles, S. 2022, 'Central bank independence and price stability under alternative political regimes : a global evidence', Bulletin of Monetary Economics and Banking, vol. 25, no. 2, pp. 155-172, doi : 10.21098/bemp.v25i2.2004.en_US
dc.identifier.issn1410-8046 (print)
dc.identifier.issn2460-9196 (online)
dc.identifier.other10.21098/bemp.v25i2.2004
dc.identifier.urihttp://hdl.handle.net/2263/90532
dc.language.isoenen_US
dc.publisherBank Indonesia Instituteen_US
dc.rightsArticle is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.en_US
dc.subjectCentral bank independenceen_US
dc.subjectPrice stabilityen_US
dc.subjectDemocratic regimeen_US
dc.subjectAutocratic regimeen_US
dc.subjectPanel data analysisen_US
dc.titleCentral bank independence and price stability under alternative political regimes : a global evidenceen_US
dc.typeArticleen_US

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