Impact of Trilemma Indicators on Macroeconomic Policy: Does Central Bank Independence Matter?
Published By: Indira Gandhi Institute of Developmental Research | Published Date: July, 01 , 2015This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested in the literature while the occurrence of general elections (ELEC) in any country exacerbates the macroeconomic outcome if a country grants lower autonomy to its central bankers.
Author(s): Geeta Garg | Posted on: May 02, 2016 | Views() | Download (130)