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 to the share of the term in office elapsed, political and...

We analyse whether central bank independence (CBI) affects inflation in developing countries. For this purpose we have constructed a new data set for the turnover rate (TOR) of central bank governors for a very large sample of countries, which also covers the 1990s. We find that once various...

There exist many indicators for corporatism. Using a latent variables approach, we extract common aspects in 29 corporatism indicators which have been suggested in the literature and find two factors that can be identified as the degree of coordination between employers and trade unions, and the...