Legislative reforms

    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 | Political institutions

    The Political Economy of Reforms in Central Bank Design

    Paper

    Posted on 25 September 2021

    By Davide Romelli

    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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