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Title: A Revisit of the Relation between Central Bank Independence and Inflation
Authors: Lin,Hsin-yi
Contributors: 政大經濟系
Keywords: Central bank independence;Inflation;Quantile regression
Date: 2010-02
Issue Date: 2013-09-16 17:31:27 (UTC+8)
Abstract: Conventional wisdom argues that the relation between central bank independence (CBI) and inflation is negative. However, empirical studies based upon regressing inflation rates on CBI tend to reject this hypothesis and show that there is no negative relationship. This article investigates the effect of CBI on inflation by quantile regression. The empirical result shows that the relation could be negative or positive for different quantiles of inflation. Quantile regression provides a method for investigating the relation completely between CBI and inflation.
Relation: The Empirical Economics Letters, 9(2), 139-143
Data Type: article
Appears in Collections:[經濟學系] 期刊論文

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