Datafile Name: Factors in Country Inflation
Story Names: Factors in Country Inflation
Reference:A. Cukierman, S.B. Webb, and B. Negapi, "Measuring the Independence of Central Banks and Its Effect on Policy Outcomes," World Bank Economic Review, Vol. 6 No. 3 (Sept 1992), 353-398.

Description: The article developed four measures of central bank independence and explored their relation to inflation outcomes in developed and developing countries. This datafile deals with two of these measures in 23 nations
Number of cases: 23
Variable Names:
  1. QUES: Questionnaire index of independence (1-10)
  2. INF: Annual inflation rate, 1980-1989 (Percent)
  3. LEGAL: Legal index of independence (1-10)
  4. DEV: Developed (1) or developing (2) nation
The Data: 
COUNTRY	QUES	INF  LEGAL  DEV

GERMANY	10.0	3	6.9	1
COSTA RICA	8.1	23	4.7	0
FINLAND	7.8	7	2.8	1
AUSTRALIA	7.6	8	3.6	1
ITALY	            7.3	11	2.5	1
DENMARK	7.3	7	5.0	1
BAHAMAS	7.1	6	4.1	0
LUXEMBERG	6.6	5	3.3	1
FRANCE	6.5	7	2.4	1
U. KINGDOM	6.4	7	2.7	1
S. AFRICA	6.4	14	2.5	1
ZAIRE	            6.1	45	4.3	0
LEBANON	5.9	*	4.0	0
IRELAND	5.7	9	4.4	1
BARBADOS	5.4	7	3.8	0
UGANDA	5.3	72	3.8	0
URUGUAY	4.9	45	2.4	0
BELGIUM	4.7	5	1.7	1
TURKEY	4.4	41	4.6	0
TANZANIA	3.8	27	4.4	0
PERU	            2.2	108	4.3	0
YUGOSLAVIA	1.7	73	1.7	0
ETHIOPIA	1.3	4	4.0	0