Dreher, Axel; Sturm, Jan-Egbert; de Haan, Jakob - 2021
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our … panel models show that the probability that a central bank governor is replaced in a particular year is positively related …. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank …