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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/588

Title: Central bank independence and inflation: the case of Greece.
Authors: Panagiotidis, Theodore
Triampella, Afroditi
Keywords: Central bank independence
Greece
Inflation
Issue Date: 2005
Abstract: This paper investigates the argument for Central Bank Independence (CBI) in the case of Greece. Using a time series approach and the last data available before Greece joined the EMU, the hypothesis that central bank independence is important for controlling inflation is examined. Employing two indices, which serve as proxies for CBI, LegalCBI and TOR, the inverse relationship between CBI and inflation was confirmed. The interactions between the variability of inflation and CBI were also investigated. Furthermore, evidence was found to suggest that the rate of turnover Granger causes inflation.
Description: This is a working paper.
URI: https://dspace.lboro.ac.uk/2134/588
Appears in Collections:Working Papers (Economics)

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