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- W3125655310 abstract "We argue that a higher degree of de facto independence of the legal system from other government branches as well as strong public trust in the working of the legal system may reduce the average inflation rate of countries through two channels: by lowering transaction costs in the economy and by strengthening de facto central bank independence. In the empirical section of the paper, we present evidence in favour of both channels after controlling for other influences in a sample containing both developed and less-developed countries." @default.
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- W3125655310 date "2008-01-01" @default.
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- W3125655310 title "Inflation, Central Bank Independence, and the Legal System" @default.
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- W3125655310 doi "https://doi.org/10.1628/093245608786534578" @default.
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