Fiscal decentralization, central bank independence, and inflation

Authors
Citation
D. King et Y. Ma, Fiscal decentralization, central bank independence, and inflation, ECON LETT, 72(1), 2001, pp. 95-98
Citations number
6
Language
INGLESE
art.tipo
Article
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
0165-1765 → ACNP
Volume
72
Issue
1
Year of publication
2001
Pages
95 - 98
Database
ISI
SICI code
0165-1765(200107)72:1<95:FDCBIA>2.0.ZU;2-9
Abstract
We develop earlier cross-sectional studies of inflation rates by adding the degree of tax centralization as another explanatory variable. This makes c entral bank independence perform appreciably better as an explanatory varia ble. Also, we find that centralized countries have higher inflation. (C) 20 01 Elsevier Science B.V. All rights reserved.