We assemble an almost complete set of central bank statutes since 1800 to assess the legal
independence of central banking institutions. We use these to extend existing indices of …

This article reviews recent contributions addressing the following questions: Under what
circumstances is monetary policy delegated to politically independent central banks? What …

We study the impact of fluctuations in global oil prices on domestic inflation using an
unbalanced panel of 72 advanced and develo** economies over the period from 1970 to …

This article introduces the most comprehensive dataset on de jure central bank
independence (CBI), including yearly data from 182 countries between 1970 and 2012. The …

Over the past two decades, the pace of central bank reforms in terms of institutional
independence and transparency has been particularly brisk. This paper examines the …

Two decades ago and earlier most central banks in the world functioned as departments of
ministries of finance. By law, custom or both, they were expected to utilise their policy …

This study examines the effect of legal central bank independence on inflation in develo**
countries. In spite of the policy consensus suggesting that central bank independence is an …

What explains the worldwide changes in central bank design over the past five decades?
Using a new dataset on central bank institutional design, this paper investigates the timing …

I construct a quarterly data set on political pressure faced by 118 central banks from 2010 to
2018 using country‐level reports. I code whether each central bank is reportedly …

Using a panel of 31,027 firms in 47 develo** countries over the period 2006-2020, this
paper looks at the effects of inflation targeting on firm performance. Estimations performed …