A New Measure of Central Bank Independence prepared by Tobias Adrian, Ashraf Khan, Lev Menand published by IMF (2/2024). This paper constructs a new index for measuring de jure central bank independence, the first entirely new index in three…
Governor appointments and central bank Independence by Vasso Ioannidou, Sotirios Kokas, Thomas Lambert, Alexander Michaelides published by VOXEU (2/2023) Countries around the world have reformed the legal framework governing their central banks to increase operational independence. This column provides evidence…
Central Bank Independence Revisited: After the financial crisis, what should a model central bank look like? by Ed Balls, James Howat and Anna Stansbury published by Harvard Kennedy School (2016). “In the aftermath of the global financial crisis, countries…
Central Bank Independence and Inflation in Latin America—Through the Lens of History by Luis Ignacio Jácome, Samuel Pienknagura published by IMF (9/2022). We study the link between central bank independence and inflation by providing narrative and empiricial evidence based…
Central bank independence at risk: Low rates, new risks by Jean Barthélemy, Eric Mengus, Guillaume Plantin published by VOXEU (1/2020). “Real interest rates are at historically low levels in advanced economies. This column looks at the implications for central bank…
