Accountability of Central Banks: Aspects and Quantifications
Copyright policy )Accountability of Central Banks: Aspects and Quantifications
The work examines the relationship between central bank independence and accountability. The authors do this by using an indicator for central bank accountability based on the laws of 16 central banks. Central bank accountability is identified as having three distinct features, namely, the explicit definition and ranking of the objectives of monetary policy, the transparency of the actual monetary policy, and the final responsibility to monetary policy. JEL Codes: E58
PSL Quarterly Review, V. 52, N. 209 (1999)
- Center for Economic Studies Germany
- Erasmus University Rotterdam Netherlands
- De Nederlandsche Bank Netherlands
- Economic Policy Institute United States
- Tilburg University Netherlands
SDG 16 - Peace, independence, European central bank, Central bank accountability, independence, Justice and Strong Institutions, J, HB1-3840, central bank independence;central bank accountability;European central bank, SDG 17 - Partnerships for the Goals, central bank independence; central bank accountability; European central bank, central bank accountability, central bank independence, Economic theory. Demography, Central bank accountability, E58, Political science, jel: jel:E52, jel: jel:E58
SDG 16 - Peace, independence, European central bank, Central bank accountability, independence, Justice and Strong Institutions, J, HB1-3840, central bank independence;central bank accountability;European central bank, SDG 17 - Partnerships for the Goals, central bank independence; central bank accountability; European central bank, central bank accountability, central bank independence, Economic theory. Demography, Central bank accountability, E58, Political science, jel: jel:E52, jel: jel:E58
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