Fabrizio, Carmignani; Emilio, Colombo; Patrizio, Tirelli - In: The B.E. Journal of Macroeconomics 8 (2008) 1, pp. 1-29
In this paper we estimate a model where inflation, a measure of de facto central bank independence and an index of de facto exchange rate regime are simultaneously determined by a set of economic, political and institutional variables. De facto central bank independence is hampered by...