INFLATION AND CENTRAL BANK INDEPENDENCE: A META‐REGRESSION ANALYSIS
对59项研究进行元回归分析，发现中央银行独立性与通货膨胀之间存在显著的真实效应，但研究结果存在发表偏倚，且不同研究间的差异并非由所用独立性指标不同导致。
Abstract Using 59 studies, we perform a meta‐regression analysis of studies examining the relationship between inflation and central bank independence (CBI). The studies considered are very different with respect to the CBI indicator used, the sample of countries and time periods covered, model specification, estimators used and publication outlet. We conclude that there is a significant publication bias. However, we also find a significant genuine effect of CBI on inflation. Differences between studies are not caused by differences in CBI indicators used.