Before revision: The notion that an independent central bank reduces a country's inflationis a controversial hypothesis. To date, it 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 statistical analyses.
After revision: The notion that 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 statistical analyses.