Arbeitspapier
Does high inflation cause central bankers to lose their job? Evidence based on a new data set
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is taken into account.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 167
- Klassifikation
-
Wirtschaft
- Thema
-
central bank governors
central bank independence
inflation
Zentralbank
Führungskräfte
Arbeitsmobilität
Zentralbankautonomie
Inflation
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dreher, Axel
Sturm, Jan-Egbert
de Haan, Jakob
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, KOF Swiss Economic Institute
- (wo)
-
Zurich
- (wann)
-
2007
- DOI
-
doi:10.3929/ethz-a-005389453
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Dreher, Axel
- Sturm, Jan-Egbert
- de Haan, Jakob
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2007
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