Central Bank Independence, Inflation, and Poverty in Africa
Gyeke-Dako, A.; Agbloyor, E.K.; Agoba, A.M.; Turkson, F.; Abbey, E.
This article discusses the extent to which central bank independence
(CBI) can be used to mitigate the regressive nature of inflation. Using
44 Sub-Saharan African (SSA) countries from the period 1970'2012,
the article first examines whether CBI has any influence on inflation
by distinguishing between legal independence and governor turnover
rates. The evidence shows that CBI helps control inflation, and that
inflation generally reduces poverty, and this effect is even stronger, in
an environment of low CBI.
Central bank independence; inflation; poverty; Africa
Type of publication|
Accra - University of Ghana
Added to C-A: 2022-07-18;09:59:46|
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