Mackiewicz-Łyziak, Joanna (2016) Central Bank Credibility: Determinants and Measurement. A Cross-Country Study. Acta Oeconomica, 66 (1). pp. 125-151. ISSN 0001-6373
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Abstract
This paper proposes a new measure of central bank credibility — the credibility index calculated on the basis of the key determinants of central bank credibility. The index is compiled for 9 countries: the Czech Republic, Hungary, Slovakia, Poland, Chile, Brazil, Turkey, United Kingdom and Sweden , for the years 1999–2007. The results are cross-checked with other credibility measures based on inflation expectations of two groups of economic agents. The analysis demonstrates that the credibility index may be considered a relevant and consistent credibility measure.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
| Depositing User: | László Sallai-Tóth |
| Date Deposited: | 07 Jun 2016 09:17 |
| Last Modified: | 31 Mar 2018 23:15 |
| URI: | http://real.mtak.hu/id/eprint/35656 |
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