Den Haan, Wouter, Ellison, Martin, Ilzetzki, Ethan, McMahon, Michael , Reis, Ricardo, (2017), “The future of central bank independence: Results of the CFM–CEPR Survey”, VoxEu, 10 Ιανουαρίου
Over the past 30 years, most central banks across the advanced economies have been given the ability to conduct monetary policy independently from interference by fiscal and political authorities. The latest Centre for Macroeconomics and CEPR expert survey invited views on whether this era of central bank independence is drawing to a close, particularly in Europe. Only 31 of the 70 respondents disagreed with the statement that there will be significant changes in the independence of monetary policy in the UK and the Eurozone in the foreseeable future. The survey also reveals that the well-established proposition among economists that a reduction in central bank independence will lead to higher inflation is no longer taken for granted, but maintaining central bank independence remains desirable.
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