Analysis of Significance of Central Bank Independence

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F15%3A39900094" target="_blank" >RIV/00216275:25410/15:39900094 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Analysis of Significance of Central Bank Independence

Popis výsledku v původním jazyce

The aim of this paper is to evaluate the significance of central bank independence, based on the hypothesis that the rate of inflation decreases as the independence of the central bank increases. The paper is based on current scientific research in the field of measuring and evaluating central bank independence. Subsequently, the CBI index (Central Bank Independence Index) was designed. It is based on the most important criteria for central bank independence and the determination of their values. Then,using the proposed CBI index, the independence of selected central banks was measured. CBI values were compared with the average rate of inflation in those countries from 1999-2014. The calculated results do not prove the hypothesis; however, it can be concluded that central banks with a higher rate of independence tend to achieve an inflation target of around 2%, which is currently the target of most central banks in market economies. Our results do not correspond to the results of prev

Název v anglickém jazyce

Analysis of Significance of Central Bank Independence

Popis výsledku anglicky

The aim of this paper is to evaluate the significance of central bank independence, based on the hypothesis that the rate of inflation decreases as the independence of the central bank increases. The paper is based on current scientific research in the field of measuring and evaluating central bank independence. Subsequently, the CBI index (Central Bank Independence Index) was designed. It is based on the most important criteria for central bank independence and the determination of their values. Then,using the proposed CBI index, the independence of selected central banks was measured. CBI values were compared with the average rate of inflation in those countries from 1999-2014. The calculated results do not prove the hypothesis; however, it can be concluded that central banks with a higher rate of independence tend to achieve an inflation target of around 2%, which is currently the target of most central banks in market economies. Our results do not correspond to the results of prev

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

SGEM2015: Conference Proceedings. Book 2. Vol. 2

ISBN

978-619-7105-47-6

ISSN

2367-5659

e-ISSN

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Počet stran výsledku

8

Strana od-do

411-418

Název nakladatele

STEF92 Technology Ltd.

Místo vydání

Sofie

Místo konání akce

Albena

Datum konání akce

26. 8. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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