1. Posen, Adam (1993) "Why central bank independence does not cause low inflation: there is no institutional fix for polities', in Richard O'Brien (ed.) Finance and the International Economy, 7, Oxford: Oxford University Press.
2. Blinder, Alan (1999) Central Banking in Theory and Practice, paperback edition, Cambridge, MA: MIT Press, ch. 2, pp. 25-51.
3. See Blatt, John (1983) 'How economists misuse mathematics', in Alfred Eichner (ed.) Why Economics is Not Yet a Science, Macmillan: London, p. 171.
4. Persson, Torsten and Tabellini, Guido (1990) Macroeconomic policy, credibility and politics, London: Harwood Academic Publishers.
5. Bernanke, Ben; Laubach, Frederic; Mishkin, Thomas and Posen, Adam (1999) Inflation Targeting: Lessons from the International Experience, Princeton, NJ: Princeton University Press, p. 17.