Central Bank Independence and Budget Deficits: Coincidence or Causality?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086837" target="_blank" >RIV/61989100:27510/13:86086837 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Central Bank Independence and Budget Deficits: Coincidence or Causality?
Original language description
In the context of economic crisis re-appears the question of fiscal and monetary policy interaction and implications of this relationship. Many central banks participated on the economic policy which has pure fiscal dimension in the last years. The aim of the article is to evaluate relationship between central bank independence and budget deficit of the OECD member countries in the period 1990?2011. For the evaluation of the chosen relationship will be used indexes of central bank independence de jure,de facto and primary budget deficits. Those indexes will be constructed according relevant legislation, mainly according central bank laws. For the relationship investigation will be used regression analysis of panel data. The aim of paper is to evaluateimpact of central bank independence on the primary budget deficits in the case of OECD member countries in 1990-2012 according methodology of Lucotte (2009). The results of empirical part of the paper concludes that more independent cent
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Research team for modelling of economic and financial processes at VSB-TU Ostrava</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
ISBN
978-80-248-3095-7
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
65-74
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 18, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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