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.
Arguments
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
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.