Book contents
- Reconsidering Central Bank Independence
- Reconsidering Central Bank Independence
- Copyright page
- Contents
- Illustrations
- Preface
- Acknowledgements
- Abbreviations
- Part I The Theoretical Foundations
- 1 History of Central Banking
- 2 Focus on Inflation
- 3 The Political Economy of CBI
- Part II Balance Sheet Operations in Different Times and CBI
- Part III The Political Economy of CBI in the Real Economy
- References
- Index
3 - The Political Economy of CBI
from Part I - The Theoretical Foundations
Published online by Cambridge University Press: 25 April 2024
Book contents
- Reconsidering Central Bank Independence
- Reconsidering Central Bank Independence
- Copyright page
- Contents
- Illustrations
- Preface
- Acknowledgements
- Abbreviations
- Part I The Theoretical Foundations
- 1 History of Central Banking
- 2 Focus on Inflation
- 3 The Political Economy of CBI
- Part II Balance Sheet Operations in Different Times and CBI
- Part III The Political Economy of CBI in the Real Economy
- References
- Index
Summary
Chapter 3 is a summary of the theoretical concepts that lead to the logic to grant independence to central banks, ways to measure CBI and its empirical effects on price stability. We show that different schools of thought (Chicago, Virginia, Freiburg) come to similar conclusions, although their methodological starting points are very different.
- Type
- Chapter
- Information
- Reconsidering Central Bank Independence , pp. 38 - 70Publisher: Cambridge University PressPrint publication year: 2024