The Relationship Between the Independence of the Central Bank of Jordan and Inflation in Jordan

Abstract

This Study aims to investigate the relationship between the independence of Central Bank of Jordan with inflation in Jordan, in addition to study the independence of the central bank from government descriptively during the period (1994-2019), the study employed the Vector Autoregressive Model (VAR).
The results of the study have shown that central bank independence from abroad has positive insignificant impact on inflation rate, in addition to that the results of Cukiermen & Grilli Model indicate 53.24%. independency of central bank of Jordan from government