Fiscal decentralization, central bank independence, and inflation

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

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Original languageEnglish
Pages (from-to)95-98
Journal / PublicationEconomics Letters
Issue number1
Publication statusPublished - Jul 2001
Externally publishedYes


We develop earlier cross-sectional studies of inflation rates by adding the degree of tax centralization as another explanatory variable. This makes central bank independence perform appreciably better as an explanatory variable. Also, we find that centralized countries have higher inflation. © Elsevier Science B.V.

Research Area(s)

  • Central bank independence, Decentralization, H71, Inflation