Measures of Central Bank Autonomy : Empirical Evidence for OECD, Developing, and Emerging Market Economies »
Series: IMF Working Papers
Author(s): Jean-François Segalotto , Marco Arnone , and Bernard Laurens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2006
This paper presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy, based on CB legislation as of end-2003. The index is applied to a set of OECD and developing countries, a...