The measurement of central bank autonomy

The International Monetary Fund Working Paper "The measurement of central bank autonomy: Survey of models, indicators, and empirical evidence" presents a survey of the literature on the measurement of central bank autonomy.

The authors distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issues including sensitivity analysis, robustness, and endogeneity are discussed. The review shows that empirical evidence regarding the beneficial

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