Determinants of Inflationary Performance: Corporatist Structures vs. Central Bank Autonomy

STUDIES BY ECONOMISTS HAVE SHOWN THAT COUNTRIES WITH AUTONOMOUS CENTRAL BANKS EXPERIENCE LOWER INFLATION THAN OTHERS. THE PRESENT PAPER TESTS WHETHER MEASURES OF CORPORATIST STRUCTURES AND CENTRAL BANK AUTONOMY EXPLAIN THE COMPARATIVE INFLATION PERFORMANCE OF EIGHTEEN INDUSTRIALIZED COUNTRIES. THIS...

Full description

Saved in:
Bibliographic Details
Published in:Public choice 1993-07, Vol.76 (3), p.249-261
Main Authors: Havrilesky, Thomas, Granato, James
Format: Article
Language:English
Subjects:
BANKING, BANKS
Central banks
CHOICE, IN ANY CONTEXT
Corporate structure
CORPORATISM
Discriminants
Economic inflation
ECONOMICS
INFLATION
Inflation rates
Monetary policy
P values
Political freedom
Political interest groups
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:STUDIES BY ECONOMISTS HAVE SHOWN THAT COUNTRIES WITH AUTONOMOUS CENTRAL BANKS EXPERIENCE LOWER INFLATION THAN OTHERS. THE PRESENT PAPER TESTS WHETHER MEASURES OF CORPORATIST STRUCTURES AND CENTRAL BANK AUTONOMY EXPLAIN THE COMPARATIVE INFLATION PERFORMANCE OF EIGHTEEN INDUSTRIALIZED COUNTRIES. THIS ISSUE IS OF GREAT IMPORTANCE FOR STUDENTS OF PIECEMEAL MONETARY REFORM IN COUNTRIES WHERE THE CENTRAL BANKING STRUCTURE IS SUSCEPTIBLE TO REORGANIZATION. THE RESULTS OF THIS PAPER SHOULD INFORM PARTIES WHO ARE ACTIVE IN THE REFORMATION AND REORGANIZATION OF CENTRAL BANKS IN LESSER DEVELOPED AND NASCENT MARKET ECONOMICS THROUGHOUT THE WORLD.
ISSN:0048-5829
1573-7101
DOI:10.1007/BF01049323