Political monetary cycles: An empirical study

H Oriola - European Journal of Political Economy, 2023 - Elsevier
After decades of research, discussions related to the link between political events and
monetary policy have been ongoing. The purpose of this study is to examine whether …

Central Bank independence, inflation, and poverty in Africa

A Gyeke-Dako, EK Agbloyor… - Journal of Emerging …, 2022 - journals.sagepub.com
This article discusses the extent to which central bank independence (CBI) can be used to
mitigate the regressive nature of inflation. Using 44 Sub-Saharan African (SSA) countries …

Independence, conservatism, and beyond: Monetary policy, central bank governance and central banker preferences (1981–2021)

D Masciandaro - Journal of International Money and Finance, 2022 - Elsevier
The aim of the paper is to offer a theoretical setting to shed light on how two factors–central
bank design and central banker preferences–assumed progressively a crucial role in the …

The political affiliation of central bankers and government debt: Evidence from Africa

C Strong, CL Yayi - International Review of Economics & Finance, 2023 - Elsevier
Using a newly constructed dataset, this paper investigates whether central bankers'
characteristics which include educational and professional background and a new …

What type of central banker dampens the political business cycle? The case of Africa

C Strong - International Journal of Finance & Economics, 2024 - Wiley Online Library
This article investigates the extent to which central bank independence can help to reduce
political business cycles in Africa. Like previous studies, we find evidence of political cycles …

Central Bank Independence and stock market outcomes: An event study on Borsa Istanbul

A Bash, AM Al-Awadhi - Cogent Economics & Finance, 2023 - Taylor & Francis
This study explores the importance of central bank independence on stock market
outcomes. Specifically, we examine the effects of President Recep Tayyip Erdogan's decree …

Selecting finance ministers: Key characteristics shaping government Debt in Africa

CO Strong - International Review of Economics & Finance, 2024 - Elsevier
Analyzing data spanning 1980 to 2020 across 23 African nations, we investigate the
influence of finance ministers' personal characteristics on debt-to-GDP ratios. Our study …

Central Bank Independence: Where Do We Stand?

O Vasicek, N Uhrova, L Dimitriou Janickova… - Economies, 2023 - mdpi.com
Central bank independence (CBI) has long been considered a key aspect of effective
monetary policy, as it allows central banks to make decisions free from political interference …

Tying one's hand: The effect of Fiscal Rules on the Political Business Cycle in Africa

CO Strong - Journal of African Economies, 2023 - academic.oup.com
In this paper, we test whether fiscal rules can act as a constraint on the ability of incumbent
politicians to generate political business cycles using fiscal and monetary expansions, to …

Banking behaviour and political business cycle in Africa: The role of independent regulatory policies of the central bank

D Ofori-Sasu, EK Agbloyor, D Nsafoah… - The Journal of Economic …, 2024 - Elsevier
This study examines the effect of regulatory independence of the central bank in shaping the
impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic …