Why Is Central Bank Independence So Widely Approved?
In terms of achieving broad professional support and giving economic analysis a clear influence on policy making, the doctrine that central bank independence improves economic performance has been a resounding success. On the other hand, the scientific literature also contains a number of unanswered criticisms of the idea and it is suggested that this makes the breadth of support for independence and the depth of feeling it evokes facts in need of explanation. It is further suggested that alt...Expand abstract
- Journal of Economic Issues
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