Web[1] Some academics have even proposed quantitative indicators to measure central bank independence; see for example Grilli , Masciandaro and Tabellini (1991): “Political and Monetary Institutions and Public Financial Policies in the Industrial Countries”, Economic Policy, 13, 341-92; and Cukierman, Webb and Neyapti (1992): “Measuring the ... WebSep 1, 1992 · Alex Cukierman, Steven B. Web, Bilin Neyapti, Measuring the Independence of Central Banks and Its Effect on Policy Outcomes, The World Bank Economic Review, …
Did you know?
Web(1991), Cukierman (1992), Cukierman, Webb, and Neyapti (1992), and Alesina and Summers (1993), among others, find evidence of a negative correlation of central bank independence with lower and more stable inflation, within industrialized countries. Also, Chortareas, Stasavage, and Sterne (2002) examine the association between the Webfor assessment of the legal independence-index of Cukierman, Webb and Neyapti (1992) and the index of Jacome and Vazquez (2005). Actual independence is proxied by the turnover rate of governor. Fourth section presents inflationary developments in the Macedonian economy. The last section concludes. II.
WebTabellini 1991; Cukierman, Webb, and Neyapti 1992), on the degree of open- ness (Romer 1993; Lane 1995), and on financial-sector opposition to inflation (Posen 1993, 1995). These factors are potentially important determinants of inflation, and existing evidence supports a role for each. Nevertheless, a priori WebCukierman Name Meaning. Historically, surnames evolved as a way to sort people into groups - by occupation, place of origin, clan affiliation, patronage, parentage, adoption, …
Web1992; Cukierman, Webb, and Neyapti, 1992), implying they still believe they gain from a free hand.2 In other words, CBI doesn't please all the people all the time, because there … Web(Cukierman, Webb and Neyapti 1992) argued, "Economists and practitioners in the area of monetary policy generally believe that the degree of independence of the central bank from other parts of government affects the rates of expansion of money and credit and, through them, important macroeconomic variables, such as inflation ...
Web[1992], Cukierman, Webb, and Neyapti [ 1992], Debelle and Fischer [1995], Grilli, Masciandaro, and Tabellini [1991], and Posen [1993]. Berger, De Haan, and Eijffinger [2001] and Hayo and Hefeker [2002] are surveys.) The creation of a (formally) independent central bank by a government is usually
Web(1991), and Cukierman, Webb, and Neyapti (1992). 336 CBI AND DISINFLATIONARY CREDIBILITY a low inflation policy. One could remove the time-inconsistency problem by ... Similarly, Cukierman (1992) believes granting central bank independence 'can be viewed as an act of partial commitment', and Dornbusch and Fischer (1993) list changes in … evidently traductionWebJan 1, 1999 · Grilli, Masciandaro, and Tabellini (1991) use 16 criteria divided between political independence and economic independence. 18 Cukierman (1992) and Cukierman, Webb, and Neyapti (1992) look at four categories: (1) appointment, term, and dismissal of the governor; (2) formulation and authority over monetary policy; (3) the objective(s); and … evidently provedWebDans cet article et dans le même chemin que celui suivi par Cukierman, [Webb et Neyapti, 1992] et [Jacome, 2001] l’objectif est d’apprécier le degré d’indépendance de la Banque Centrale ... evidently trueWebCukierman, A. (1992) Central Bank Strategy, Credibility, and Independence. MIT Press, Cambridge. has been cited by the following article: TITLE: Institutional Quality and … browpexieWebCukierman, Webb et Neyapti (1992) ont récemment conduite pour la Banque mondiale. On trouvera en Annexe I une brève description des critères retenus dans ces études et une comparaison de leurs résultats. Cet article comporte … brow pet shopWebI use Cukierman, Webb, and Neyapti's (CWN) criteria instead of other available measures of CBI (Alesina, et al. 1989, Grilli, et al. 1991 and allow the study of particular … brow permWebI use Cukierman, Webb, and Neyapti's (CWN) criteria instead of other available measures of CBI (Alesina, et al. 1989, Grilli, et al. 1991 and allow the study of particular components of the index ... brow perming