The Scottish question

Angus Armstrong, Monique Ebell, 26 October 2013

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In less than one year, on 18 September 2014, the Scottish electorate will vote on a question of historic significance – should Scotland remain in the UK, or should it become an independent country?

Topics: Europe's nations and regions, Macroeconomic policy
Tags: Currency unions, debt, independence, Scotland, sterling

Misplaced concerns about central-bank independence

Marco Annunziata, 12 February 2013

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Concerns are rising that central-bank independence is at risk, already curtailed by governments eager to control all other levers of growth. The Japanese government’s none-too-subtle strong-arming of the Bank of Japan is one of the most blatant examples (e.g. King 2013).

But the current debate on the risks to central-bank independence misses the point.

Topics: Institutions and economics, Monetary policy
Tags: Central Banks, ECB, Fed, Federal Reserve, fiscal policy, independence

Central bank independence and transparency: Not just cheap talk (Part 2)

Christopher Crowe, Ellen E. Meade, 31 July 2008

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Using the updated measures of central bank independence and transparency that we detailed in our first column, we sought to investigate what effects these aspects of central bank governance might have on economic performance.1

Topics: Monetary policy
Tags: Central Banks, independence, transparency

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