Central Banking

When is a central bank governor fired?

The Working Paper "When is a central bank governor fired? Evidence based on a new data set" from the University of Groningen uses a new data set on the term in office of central bank governors in 137 countries covering the period 1970-2004 to estimate a model for the chance that a central bank governor is replaced.

The authors formulate a number of hypotheses based on the literature on the determinants of central bank independence that are tested using conditional logit models and the Extreme

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