A tese da independência do banco central e a estabilidade de preços: uma aplicação do método Cukierman à história do FED

Authors

  • João Sicsú Universidade Federal do Rio de Janeiro - UFRJ

DOI:

https://doi.org/10.11606/1980-53572612js

Keywords:

central bank independence, Federal Reserve Bank, monetary policy

Abstract

The paper aims to discuss the thesis that proposes the independence for central banks (ICB). With this aim, it applies the Alex Cukierman's method to measure the autonomy degree of Federal Reserve System in some important events from American monetary history. It verifies if the autonomy degree of the U.S. monetary authorities is correlated to the inflation rates of each event. Having calculated this correlation, the article debates on validity of ICB thesis.

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Published

01-03-1996

Issue

Vol. 26 No. 1 (1996)

Section

Articles

License

Copyright (c) 1996 Estudos Econômicos (São Paulo)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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How to Cite

Sicsú, J. (1996). A tese da independência do banco central e a estabilidade de preços: uma aplicação do método Cukierman à história do FED. Estudos Econômicos (São Paulo), 26(1), 21-49. https://doi.org/10.11606/1980-53572612js