caa a22 4500 477078206 CHVBK 20180405111444.0 cr unu---uuuuu 170330e19961001xx s 000 0 eng 10.1007/BF00114284 doi (NATIONALLICENCE)springer-10.1007/BF00114284 Central bank independence: A paneldata approach [Elektronische Daten] [Sylvester Eijffinger, Maarten Van Rooij, Eric Schaling] The present paper uses a paneldata estimation technique to combine the time series for individual countries (Australia, Canada, France, Germany, Italy, Japan, the Netherlands, Switzerland, the United Kingdom and the United States). We postulated the response of central banks in these countries to inflation, economic growth and current account surplus given the constraints to be the same among the sample countries. Differences between central bank independence come forward in a different structural pressure to lower or raise money market rates in these countries. The empirical results in this study coincide remarkably well with the legal indices of central bank independence. Kluwer Academic Publishers, 1996 Eijffinger Sylvester Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut Van Rooij Maarten Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut Schaling Eric Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut Public Choice Kluwer Academic Publishers; http://www.wkap.nl 89/1-2(1996-10-01), 163-182 0048-5829 89:1-2<163 1996 89 11127 https://doi.org/10.1007/BF00114284 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00114284 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Eijffinger Sylvester Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut NATIONALLICENCE 700 1- Van Rooij Maarten Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut NATIONALLICENCE 700 1- Schaling Eric Center and Tilburg University, P.O. Box 90153, 5000, Tilburg, LE, The Netherlands aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers; http://www.wkap.nl 89/1-2(1996-10-01), 163-182 0048-5829 89:1-2<163 1996 89 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence SWISSBIB 17071294X BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer