Paper abstract

Central Bank independence and inflation: good news and bad news

Economics Letters, November 1998, 61(2), 215-219.

The bad news is that the findings of recent studies of central bank independence and inflation are very sensitive to outliers. The good news is that evidence presented here reinforces the existing case for bank independence in high income economies.

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Data set (from the Campillo and Miron paper cited in the note): infdata.csv (in comma-separated-value format)