Does central bank independence contribute to fiscal prudence in EU countries?

This study explores the influence of central bank independence (CBI) on fiscal deficits in 27 European Union (EU) member states from 1990 to 2023. Utilizing system generalized method of moments, we find that countries with more independent central banks tend to exhibit stronger fiscal balances. Howe...

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Bibliographic Details

Published in:	Panoeconomicus p. 24
Main Authors:	Petkovski, Mihail, Stojkov, Aleksandar, Jordan, Kjosevski
Format:	Journal Article
Language:	English
Published:	2024
ISSN:	1452-595X, 2217-2386
Online Access:	Get full text
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