{"product_id":"central-bank-independence-and-inflation-luis-i-jzacome-9781647126872","title":"Central Bank Independence and Inflation: Lessons from Latin America","description":"\u003cp\u003eA history of the institutional reform of monetary policy in Latin America, with lessons for today\u003c\/p\u003e\u003cp\u003eAfter years of macroeconomic instability, central bank independence (CBI) is playing a pivotal role in achieving low inflation worldwide. But in some nations--including Brazil, Colombia, Hungary, India, Mexico, Türkiye, and the United States--central banks have been blamed for focusing only on fighting inflation at the expense of economic growth.\u003c\/p\u003e\u003cp\u003eCentral Bank Independence and Inflation argues that countries must continue supporting the independence of central banks to keep inflation in check. and, hence, promote long run economic growth Jácome analyzes the evolution of CBI in Latin America from its creation in the 1920s to the present day. He warns against requiring central banks to print money to finance fiscal deficits, because it hinders economic growth. He creates a database of central bank independence to track its evolution and provides empirical evidence of a negative correlation with inflation.\u003c\/p\u003e\u003cp\u003eDeeply grounded in history, Central Bank Independence and Inflation warns against the consequences of weakening this institutional arrangement. It is the first book to provide a historical account of Latin America's CBI and will be a valuable resource for those interested in monetary policy.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Luis I. Jácome\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1647126878\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781647126872\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Georgetown University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/05\/2026\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover","brand":"Luis I. Jácome","offers":[{"title":"Hardcover","offer_id":47965487530239,"sku":"9781647126872","price":119.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_6e2d722a-9610-4100-bc43-d7296b3289b0.jpg?v=1767280902","url":"https:\/\/www.whiterainbookhouse.com\/products\/central-bank-independence-and-inflation-luis-i-jzacome-9781647126872","provider":"WR Book House","version":"1.0","type":"link"}