KnowraIndependent central bankLinked fromLinked fromThe 9 pages that link to Independent central bank, each with the reason it gives.All 9Related 9Monetary policyRelated: Institutional independence can protect policy decisions from short-term political pressures.European Central BankRelated: The ECB’s treaty-protected independence distinguishes policy decisions from national government direction.Inflation TargetingRelated: Operational independence can help a bank pursue its stated inflation goal credibly.Central bankRelated: Its autonomy distinguishes policy design from direct control by elected officials.HyperinflationRelated: It bears on whether monetary policy can resist pressure to finance government deficits.Volcker disinflationRelated: The episode strengthened the case for giving central banks room to fight inflation.Finn E. KydlandRelated: Independence is one response to the credibility problems identified by time-inconsistency theory.Constitutional economicsRelated: It shows how delegating authority can address incentives for short-term political manipulation.History of macroeconomic thoughtRelated: Macroeconomic theories of inflation and credibility informed arguments for delegated monetary authority.