Central Bank Independence--Conceptual Clarifications and Interim Assessment.
It is argued that credibility problems in macroeconomics hardly exist, and certainly do not motivate central bank independence. The Rogoff banker, and much work which follows should be interpreted as blueprints for good policy, not institutional reforms. There are likely to be significant but at pre...
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| Format: | Journal article |
| Language: | English |
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1998
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