Central bank independence and macroeconomic performance: A simultaneous equations approach

• Main Authors: Balane, Madeleine V., Flordeliza, Henry C., Kho, Sarah Grace R., Torres, Angelica Christine F.
• Format: text
• Language: English
• Published: Animo Repository 2007
• Subjects: Banks and banking, Central; Banks and banking, Central > Philippines; Economics
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/6333
• Institution: De La Salle University

This paper examines the relationship between central bank independence (CBI) and macroeconomic performance using simultaneous equation modeling. With the ratio of central bank claims on the government to GDP as the de facto inflation, exchange rate depreciation and output, and analyze whether this e...