Arnone, Marco; Laurens, Bernard J; Segalotto, Jean-François - In: IMF Staff Papers 56 (2009) 2, pp. 263-296
This paper calculates indices of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indices for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvements in both economic and political CBA over the past couple of decades,...