Written question asked by Austin Mitchell (Labour), in the House of Commons. It was due for an answer on Wednesday, 18 June 1997. It was answered by Baroness Liddell of Coatdyke (Labour) on Wednesday, 18 June 1997 on behalf of the Treasury.

Treasury

Question: What research his Department has (a) commissioned and (b) evaluated on the correlation between the independence of the Central Bank and the rate of inflation in different countries over the last 15 years.

Answer: Mr. Mitchell: To ask the Chancellor of the Exchequer what research his Department has (a) commissioned and (b) evaluated on the correlation between the independence of the Central Bank and the rate of inflation in different countries over the last 15 years. [3234] Mrs. Liddell: There have been numerous academic studies of the correlation between central bank independence and inflation, based on different groups of countries and assessed over different time periods.

Secondary information