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| Andrea Monticini and David Peel |
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| ''Testing for central bank independence and inflation using the wild bootstrap
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| ( 2009, Vol. 29 No.3 ) |
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| This paper reviews the relationship between Central Bank Independence (CBI) and Inflation both in high income economies (as proposed in Campillo and Miron 1997 and Temple 1998) and in developing countries (as proposed in Brumm 2006)1 when a variety of Heteroskedasticity Consistent Covariance Matrix Estimators as well as the wild bootstrap are employed.
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| Keywords: Inflation Central bank independence Wild bootstrap |
JEL: E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| Manuscript Received : Mar 25 2009 | | Manuscript Accepted : Jul 06 2009 |
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