|
EconStor >
Eidgenössische Technische Hochschule (ETH) Zürich >
KOF Konjunkturforschungsstelle, ETH Zürich >
KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50356
|
| | |
| Title: | | Does high inflation cause central bankers to lose their job? Evidence based on a new data set  |
| Authors: | | Dreher, Axel Sturm, Jan-Egbert de Haan, Jakob |
| Issue Date: | | 2007 |
| Series/Report no.: | | KOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 167 |
| Abstract: | | This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is taken into account. |
| Subjects: | | central bank governors central bank independence inflation |
| JEL: | | E5 |
| Persistent Identifier of the first edition: | | doi:10.3929/ethz-a-005389453 |
| Document Type: | | Working Paper |
| Appears in Collections: | | KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/50356
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|