The article developed four measures of central bank independence and explored their relation to inflation outcomes in developed and developing countries. This datafile deals with two of these measures in 23 nations.
Format
A data frame with 23 observations on the following 5 variables.
- country
country where data were collected
- ques
questionnaire index of independence
- inf
annual inflation rate, 1980-1989 (percent)
- legal
legal index of independence
- dev
developed (1) or developing (2) nation
Source
These data are available from OzDASL, the Australasian Data and Story Library (https://dasl.datadescription.com/).
References
A. Cukierman, S.B. Webb, and B. Negapi, "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes," World Bank Economic Review, Vol. 6 No. 3 (Sept 1992), 353-398.
Examples
data(Inflation)
#> Warning: data set ‘Inflation’ not found