Zervoyianni, Athina; Anastasiou, Athanasios; … - Rimini Centre for Economic Analysis (RCEA) - 2013
Using both standard regressions and Markov-Chain Monte-Carlo estimation methods from a Bayesian perspective and a sample of 39 countries for 1981-2006, we re-examine the role of central-bank independence (CBI) in macroeconomic outcomes. Control variables commonly used in the literature are...