Inflation

    Papers & Opinions

    Central banking | Empirics | Political institutions

    (In)dependent Central Banks

    Paper

    Posted on 25 January 2023

    By Alex Michaelides

    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 | Empirics | Political institutions

    Central Banks and Civil War Termination

    Paper

    Posted on 30 April 2022

    By Ana Carolina Garriga

    The ability to finance conflict likely affects the odds of sustaining a war and succeeding in it. Recent literature explores rebel group funding, but far less is known about how...
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    Central banking | Empirics

    Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

    Paper

    Posted on 3 July 2021

    By Elisabeth Kempf

    We compare the findings of central bank researchers and academic economists regarding the macroeconomic effects of quantitative easing (QE). We find that central bank papers find QE to be more...
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