Central banking | Political institutions | Regulation

Central Bank Independence in Latin America: Politicization and De-delegation

By Ana Carolina Garriga | Posted on 20 April 2023

In the last three decades, legal delegation of monetary policy to independent central banks (CBI) has achieved the status of a global norm of good governance. The recent backlash against this...
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Central banking | Empirics | Political institutions

(In)dependent Central Banks

By Alex Michaelides | Posted on 25 January 2023

Since the 1980s many countries have reformed the institutional framework governing their central banks to increase operational independence. Collecting systematic biographical information, international press coverage, and independent expert opinions, we...
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Central banking | Electoral politics | Political institutions

Ideology and Monetary Policy

By Nicolo Fraccaroli | Posted on 25 May 2022

We investigate the link between ideology and the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the...
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Banking | Central banking | Electoral politics | Empirics | Political institutions

Central Banks in Parliaments

By Nicolo Fraccaroli | Posted on 10 October 2021

This paper investigates whether parliamentary hearings are effective in holding central banks accountable against their mandates. To this end, it applies text analysis on the hearings of the Bank of...
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Central banking | Political institutions

The Political Economy of Reforms in Central Bank Design

By Davide Romelli | Posted on 25 September 2021

What explains the worldwide changes in central bank design over the past five decades? Using a new dataset on central bank institutional design, this paper investigates the timing, pace and...
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