中央银行
元回归
独立性(概率论)
经济
膨胀(宇宙学)
回归分析
计量经济学
货币政策
通货膨胀目标
回归
货币经济学
荟萃分析
统计
数学
医学
内科学
物理
理论物理学
作者
Jakob de Haan,Jeroen Klomp
出处
期刊:Social Science Research Network
[Social Science Electronic Publishing]
日期:2008-01-01
被引量:1
摘要
Using 59 studies, we perform a meta regression analysis of studies examining the relationship between inflation and central bank independence (CBI). There is a negative and significant relation between inflation and CBI in OECD countries, although the results are sensitive to the indicator used and the estimation period chosen. Studies based on simple bivariate regressions suffer from an omitted variable bias, but our results suggest that only an interaction variable of labor market characteristics and CBI reduces the significance of the CBI indicator. We find no significant differences between studies based on a cross-country or panel settings. Interestingly, over time the reported impact of CBI on inflation in journal articles increases.
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