Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 404956
Title Inflation and Central Bank Independence: A Meta-regression Analysis
Author(s) Klomp, J.G.; Haan, J. de
Source Journal of Economic Surveys 24 (2010)4. - ISSN 0950-0804 - p. 593 - 621.
Department(s) Agricultural Economics and Rural Policy Group
Development Economics Group
Environmental Economics and Natural Resources Group
Publication type Refereed Article in a scientific journal
Publication year 2010
Keyword(s) macroeconomic performance - transition economies - bargaining structure - monetary-policy - commitment - countries - decentralization - metaanalysis - delegation - freedom
Abstract Using 59 studies, we perform a meta-regression analysis of studies examining the relationship between inflation and central bank independence (CBI). The studies considered are very different with respect to the CBI indicator used, the sample of countries and time periods covered, model specification, estimators used and publication outlet. We conclude that there is a significant publication bias. However, we also find a significant genuine effect of CBI on inflation. Differences between studies are not caused by differences in CBI indicators used
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