Petrevski, Goran; Bogoev, Jane; Sergi, Bruno S. - In: Journal of Post Keynesian Economics 34 (2012) 4, pp. 611-652
This paper provides an empirical analysis of the association between central bank independence (CBI) and inflation for 17 Central and Eastern European economies from 1990 to 2009. We employ a dynamic panel data model estimated with a "system" generalized method of moments, which incorporates...