Abstract
This paper examines the relationship between the individualism-collectivism dimension of culture and inflation for 100 countries from 1972 to 2011. The results indicate that individualism has a strong causal negative effect on inflation.Individualism also strengthens the effectiveness of central bank independence in promoting low inflation.
Original language | English |
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Pages (from-to) | 2495-2507 |
Number of pages | 13 |
Journal | Economics Bulletin |
Volume | 41 |
Issue number | 4 |
Publication status | Published - 2021 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)