Central bank independence and inflation in Africa: The role of financial systems and institutional quality

Central bank independence and inflation in Africa: The role of financial systems and institutional quality

The study examines the effects of financial systems and the quality of political institutions on the effectiveness of central bank independence in achieving lower inflation. Drawing from the fiscal theory of price level (FTPL) and political economy of macroeconomic policy (PEMP) literature; we estim...

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Bibliographic Details
Main Authors: Abel Mawuko Agoba, Joshua Abor, Kofi A. Osei, Jarjisu Sa-Aadu
Format: Article
Language:English
Published: Elsevier 2017-12-01
Series:Central Bank Review
Subjects:
Central bank independence
Inflation
Africa
Financial development
Institutional quality
Online Access:http://www.sciencedirect.com/science/article/pii/S1303070117300550

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http://www.sciencedirect.com/science/article/pii/S1303070117300550

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