Empirical research seems to verify that:

Question

Quizplus · Accepted Answer

Empirical research shows that there is a negative correlation between the level of central bank independence and the rate of inflation. Countries with higher levels of central bank independence tend to have lower rates of inflation while countries with less independent central banks tend to have higher rates of inflation. Therefore, countries with high rates of inflation are more likely to have central banks with low levels of independence.

Empirical Research Seems to Verify That