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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