Fiscal decentralization, central bank independence, and inflation

David King; Yue Ma

doi:10.1016/S0165-1765(01)00405-0

Fiscal decentralization, central bank independence, and inflation

David King, Yue Ma

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

39 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	95-98
Journal	Economics Letters
Volume	72
Issue number	1
DOIs	https://doi.org/10.1016/S0165-1765(01)00405-0
Publication status	Published - Jul 2001
Externally published	Yes

Research Keywords

Central bank independence
Decentralization
H71
Inflation

Policy Impact

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10.1016/S0165-1765(01)00405-0

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title = "Fiscal decentralization, central bank independence, and inflation",

abstract = "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. {\textcopyright} Elsevier Science B.V.",

keywords = "Central bank independence, Decentralization, H71, Inflation",

author = "David King and Yue Ma",

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AU - Ma, Yue

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AB - 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.

KW - Central bank independence

KW - Decentralization

KW - H71

KW - Inflation

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DO - 10.1016/S0165-1765(01)00405-0

M3 - RGC 21 - Publication in refereed journal

SN - 0165-1765

VL - 72

SP - 95

EP - 98

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Fiscal decentralization, central bank independence, and inflation

Abstract

Research Keywords

Policy Impact

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