Before revision: Does an independent central bank (CBI) reduce inflation ? Despite numerous articles suggesting it does, this question has not been satisfactorily answered because the complex macroeconomic structure that gives rise to the data has not been adequately incorporated into economic analyses.
After revision: Does an independent central bank (CBI) reduce inflation ? Despite numerous articles suggesting it does, this question has not been possible to satisfactorily answer this question because the complex macroeconomic structure that gives rise to the data has not been adequately incorporated into economic analyses.