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empirical evidence clearly shows that central bank independence is negatively correlated with inflation.
by nerfhammer 16y ago
empirical evidence clearly shows that central bank independence is negatively correlated with inflation.
- tptacek 16y agoHard to navigate the possible implied double negative here; are you saying independent central banks tend to reduce inflation or increase it?
- nerfhammer 16y agonations with more independent central banks tend to experience less inflation. severe inflation is virtually always conditional on the money supply being controlled by a legislature