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Testing for central bank independence and inflation using the wild bootstrap

Andrea Monticini and David Peel

Economics Bulletin, 2009, vol. 29, issue 3, 1602-1607

Abstract: This paper reviews the relationship between Central Bank Independence (CBI) and Inflation both in high income economies (as proposed in Campillo and Miron 1997 and Temple 1998) and in developing countries (as proposed in Brumm 2006)1 when a variety of Heteroskedasticity Consistent Covariance Matrix Estimators as well as the wild bootstrap are employed.

Keywords: Inflation; Central; bank; independence; Wild; bootstrap (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 2009-07-06
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