Inflation in developing countries: does Central Bank independence matter?

Jan-Egbert Sturm and Jakob de Haan
Additional contact information
Jakob de Haan: Groningen University

No 200101, CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research

Abstract: Abstract 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.

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (63)

Downloads: (external link)
http://irs.ub.rug.nl/ppn/22857238X (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://irs.ub.rug.nl/ppn/22857238X [302 Found]--> https://irs.ub.rug.nl/ppn/22857238X [302 Found]--> https://www.rug.nl/research/portal/publications/pub(176af04f-6c8c-428a-9b8e-4739dc44aea3).html [301 Moved Permanently]--> https://research.rug.nl/en/publications/pub(176af04f-6c8c-428a-9b8e-4739dc44aea3).html)

Related works:
Working Paper: Inflation in Developing Countries: Does Central Bank Independence Matter? (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gro:rugccs:200101

Access Statistics for this paper

More papers in CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Hanneke Tamling ().