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Accountability of central banks: aspects and quantification

Author

Listed:
  • J. DE HAAN

    (University of Groningen)

  • F. AMTENBRINK

    (University of Groningen)

  • S.C.W. EIJFFINGER

    (Tilburg University)

Abstract

The work examines the relationship between central bank independence and accountability. The authors do this by using an indicator for central bank accountability based on the laws of 16 central banks. Central bank accountability is identified as having three distinct features, namely, the explicit definition and ranking of the objectives of monetary policy, the transparency of the actual monetary policy, and the final responsibility to monetary policy.

Suggested Citation

  • J. De Haan & F. Amtenbrink & S.C.W. Eijffinger, 1999. "Accountability of central banks: aspects and quantification," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 52(209), pages 169-193.
    • Handle: RePEc:psl:bnlqrr:1999:23
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    References listed on IDEAS

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    More about this item

    Keywords

    Central bank accountability; independence;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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