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Location: Meeting Halls A&B, HQ1-3-430A&B
OVERVIEW
We study the link between central bank independence and inflation by studying Latin America’s historical experience. Using a dataset spanning 100 years, we recount the rocky journey traveled by central banks to achieve independence and price stability. Our empirical analysis shows that improvements in independence result in a steady decline in inflation and in reductions in the likelihood of high inflation episodes.
SPEAKERS
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Samuel Pienknagura |
PHOTOS
