THE ROLE OF CENTRAL BANK INDEPENDENCE IN PRICE STABILITY

IF 0.8 Q3 EDUCATION & EDUCATIONAL RESEARCH

Eurasian Journal of Educational Research Pub Date : 2023-09-04 DOI:10.53277/2519-2442-2023.3-03

¹. BulatMUKHAMEDIYEV, A. Khitakhunov, Zhansaya Temerbulatova, Eurasian Research Journal

引用次数: 0

Abstract

This study aims to determine the relationship between inflation and the independence of central banks in post-Soviet, developed, and developing countries. The hypothesis of a negative statistical relationship between the inflation rate and the values of the CWN and GMT central bank independence indices and their constituent subindices for post-Soviet, developed, and developing countries for 2001–2020 was tested. Based on the results of the econometric assessment, the paper finds that high values of the central bank independence indices and their sub-indices help to keep inflation in a certain corridor: if inflation is high, central bank independence reduces it, and if inflation is low, it helps to keep inflation at a low level. The impact of central bank independence on inflation weakens as inflation decreases.

查看原文本刊更多论文

中央银行在稳定物价方面的独立性

本研究旨在确定后苏联、发达国家和发展中国家的通货膨胀与中央银行独立性之间的关系。对2001-2020年后苏联、发达国家和发展中国家的CWN和GMT中央银行独立性指数及其构成子指数之间的通货膨胀率与负统计关系的假设进行了检验。根据计量经济学评估结果，本文发现央行独立性指数及其分项指数的高值有助于将通货膨胀保持在一定的走廊内:如果通货膨胀高，央行独立性降低通货膨胀，如果通货膨胀低，央行独立性有助于将通货膨胀保持在较低的水平。随着通胀下降，央行独立性对通胀的影响减弱。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Eurasian Journal of Educational Research EDUCATION & EDUCATIONAL RESEARCH-

CiteScore

2.00

自引率

11.10%

发文量

期刊介绍： Eurasian Journal of Educational Research (EJER) is a peer-reviewed, an international and interdiscilinary journal publishing original research articles and significant contributions on education and educational sciences . The journal is a valuable resource for teachers, counselors, supervisors, educational administrators, school principals, educational policy makers, curriculum planners, and educational researchers as they consider the structure of tomorrow''s educational system. EJER publishes research employing a variety of qualitative, quantitative and mixed methods research and approaches in all areas in the field of education and educational sciences. The goal of the journal is to increase understanding of learning and teaching in eraly childhood, primary, secondary, vocational and higher education in order to to contribute to the improvement of educational processes and outcomes.