Arbeitspapier
Inflation in Developing Countries: Does Central Bank Independence Matter?
We analyse whether central bank independence (CBI) affects inflation in developing countries. For this purpose we have constructed a new data set for the turnover rate (TOR) of central bank governors for a very large sample of countries, which also covers the 1990s. We find that once various control variables are included, the CBI proxy is often not significant. We also conclude that in those regressions in which the CBI proxy is significant, the coefficient of the TOR becomes significant only after high inflation countries are added to the sample.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 511
- Klassifikation
-
Wirtschaft
- Thema
-
Inflation
central bank independence
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sturm, Jan-Egbert
de Haan, Jakob
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sturm, Jan-Egbert
- de Haan, Jakob
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2001
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