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Central Bank Independence and inflation: the case of Greece

Panagiotidis, Theodore and Triampella, Afroditi (2006) Central Bank Independence and inflation: the case of Greece. REVISTA DE ECONOMÍA DEL ROSARIO.

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Abstract

This paper discusses the argument for Central Bank Independence (CBI) in the case of Greece. Using a time series approach and the last data available before Greece joined the EMU , the hypothesis that Central Bank Independence is important for controlling inflation is examined. Employing two indices, which serve as proxies for CBI, LegalCBI and TOR, the inverse relationship between CBI and inflation was confirmed. The interactions between the variability of inflation and CBI were also investigated. Furthermore, evidence was found to suggest that the rate of turnover Granger causes inflation.

Item Type: Article
Uncontrolled Keywords: Central Bank Independece; inflation; Greece
Depositing User: Admin Admin
Date Deposited: 13 Oct 2015 17:55
Last Modified: 13 Oct 2015 17:55
URI: http://eprints.lib.uom.gr/id/eprint/522

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