Dreher, Axel; Sturm, Jan-Egbert; Haan, Jakob de - In: Journal of Macroeconomics 32 (2010) 3, pp. 766-781
Using new data on the term in office of central bank governors for a large set of countries for 1970-2005, we estimate … a model for the probability that a central bank governor is replaced before the end of his legal term in office. We … formulate hypotheses based on the literature on the determinants of central bank independence that are tested using conditional …