Central bank transparency and independence: Updates and new measures

Dinçer N. N., Eichengreen B.

International Journal of Central Banking, cilt.10, sa.1, ss.189-253, 2014 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 10 Sayı: 1
  • Basım Tarihi: 2014
  • Dergi Adı: International Journal of Central Banking
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.189-253
  • TED Üniversitesi Adresli: Evet

Özet

This paper reports updated measures of transparency and independence for more than 100 central banks. The indices show that there has been steady movement in the direction of greater transparency and independence over time. In addition, we show that outcomes such as the variability of inflation are significantly affected by both central bank transparency and independence. Disentangling the impact of the two dimensions of central bank arrangements remains difficult, however.