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 | Empirics | Political institutions

Central Banks and Civil War Termination

By Ana Carolina Garriga | Posted on 30 April 2022

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

By Elisabeth Kempf | Posted on 3 July 2021

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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