Template-type: ReDIF-Paper 1.0
Author-Name: Donato Masciandaro
Author-Name: Jacopo Magurno
Author-Name: Romano Tarsia
Title: Central Bank Independence: Metrics and Empirics
Abstract: This paper reviews the evolution of the literature on Central Bank Independence (CBI) focusing on its metrics  as well as on its empirical association with macroeconomic variables. Part One describes the evolution of the CBI indicators, while Part Two analyses the econometric studies devoted to shed light on the relationships between CBI and macroeconomic performances.
Classification-JEL: E50, E52, E58
Keywords: Monetary Policy, Central Bank Independence, Inflation, Growth, Sacrifice Ratio, Public Finance, Financial Stability
Length: 103
Number: 21151
Creation-Date: 2021
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp21151.pdf
File-Format: application/pdf
File-Size: 1088 
Handle: RePEc:baf:cbafwp:cbafwp21151