search query: @author Sturm, J.-E. / total: 1
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| Author: | Sturm, J.-E. Haan, J. de |
| Title: | Inflation in Developing Countries: Does Central Bank Independence Matter? New Evidence Based on New Data Set |
| Journal: | IFO-Studien
2001 : VOL 47:4, p. 389-404 |
| Index terms: | INFLATION DEVELOPING COUNTRIES CENTRAL BANKS DATA ANALYSIS |
| Language: | eng |
| Abstract: | In this paper the authors employ a new data set for the turnover rate of central bank governors, which covers almost twice as many countries as the Cukierman data set and - in contrast to Cukierman's data set - also covers the 1990s. The authors use bivariate and multivariate cross- country models for inflation. The aim of the paper is to analyze whether the relationship between CBI and inflation as reported in the literature holds in general, or is driven by exclusion of control variables and/or a few influential observations. First the paper presents the model and data. The next section offers our results. The final section contains some concluding comments. |
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