English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113822/144841 (79%)
Visitors : 51811803      Online Users : 228
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/58708


    Title: 中央銀行獨立性與通貨膨脹─追蹤資料分量迴歸之應用
    Authors: 洪偉傑
    Contributors: 林馨怡
    洪偉傑
    Keywords: 中央銀行獨立性
    通貨膨脹
    分量迴歸
    追蹤資料
    Date: 2012
    Issue Date: 2013-07-01 17:38:25 (UTC+8)
    Abstract: 本文使用 Koenker (2004) 的追蹤資料分量迴歸方法分析中央銀行獨立性 (Central bank independence, CBI) 對於通貨膨脹之影響。
    透過1974-2010年間93個國家的追蹤資料,以 CBI 的實際 (De facto) 指標 TOR (Turnover rate of central bank governors) 進行實證,
    結果顯示在通貨膨脹越高的情況下, CBI 與通貨膨脹間的負向效果越強且顯著;反之,在通貨膨脹較低時,負向效果較弱且不顯著。實證結果說明 CBI 與通貨膨脹間的負向關係並非是固定的,在通貨膨脹越高的環境下,政府擁有越高的誘因採行高通貨膨脹傾向的貨幣政策,故此負向關係越強;反之,在通貨膨脹較低的環境下,政府採行高通貨膨脹傾向的貨幣政策誘因較低,此負向關係較弱。
    Reference: 林馨怡、 陳佩玗, 2010。 通貨膨脹與貿易開放性之關係 — 分量迴歸於追蹤資料的應用。 經濟論文 38(1), 1–32。

    Alesina, A., 1988. Macroeconomics and politics. NBER Macroeconomics Annual 3, 13–52.

    Alesina, A., 1989. Politics and business cycles in industrial democracies. Economic Policy 8, 55–98.

    Alesina, A., Summers, L., 1993. Central bank independence and macroeconomic performance: some comparative evidence. Journal of Money, Credit and Banking 25(2), 151–162.

    Arnone, M., Laurens, B. J., Segalotto, J.-F., 2006. The measurement of central bank autonomy: survey of models, indicators, and empirical evidence. IMF Working Paper, No. 06/227.

    Arnone, M., Laurens, B. J., Segalotto, J.-F., Sommer M., 2007. Central bank autonomy: lessons from global trends. IMF Working Paper, No. 07/88.

    Bade, R., Parkin, M., 1977. Central bank laws and monetary policies: a preliminary investigation, (London, Ontario, Canada: University of Western Ontario).

    Barro, R. J., Gordon, D. B., 1983. A positive theory of monetary policy in a nature rate model. Journal of Political Economy 91, 589–610.

    Beck, T., Clarke, G., Groff, A., Keefer, P., Walsh, P., 2001. New tools in comparative political economy: the database of political institutions. World Bank Economic
    Review 15(1), 165–176.

    Campillo, M., Miron, J., 1997. Why does inflation differ across countries? In C.D. Romer and D.H. Romer (eds), Reducing inflation: motivation and strategy (pp. 335–357).
    Chicago: University of Chicago Press.

    Cukierman, A., 1992. Central bank strategy, credibility, and independence: theory and evidence. Cambridge, MA: MIT Press.

    Cukierman, A., 2008. Central bank independence and monetary policymaking institutions — past, present and future. European Journal of Political Economy 24, 722–736.

    Cukierman, A., Edwards, S., Tabellini, G., 1992. Seigniorage and political instability. American Economic Review 82(3), 537–555.

    Cukierman, A., Webb, S. B., Neyapti, B., 1992. Measuring the independence of central banks and its effect on policy outcomes. World Bank Economic Review 6(3), 353–398.

    Cukierman, A., Miller, G. P., Neyapti, B., 2002. Central bank reform, liberalization and inflation in transition economies: an international perspective. Journal of Monetary
    Economics 49, 237–264.

    Cukierman, A., Webb, S. B., 1995. Political influence on the central bank: international evidence. The World Bank Economic Review 9(3), 397–423.

    Debelle, G., Fischer, S., 1994. How independent should a center bank be? In J. Fuhrer (ed.), Goals, guidelines, and constraints facing monetary policymakers (pp. 195–211).

    de Haan, J., Kooi, W. J., 2000. Does central bank independence really matter? New evidence for developing countries using a new indicator. Journal of Banking and
    Finance 24, 643–664.

    Dreher, A., Sturm, J.-E., de Haan J., 2007. When is a central bank governor replaced? KOF Working Paper, No. 143.

    Dreher, A., Sturm, J.-E., de Haan J., 2008. Does high inflation cause central bankers to lose their job? Evidence based on a new data set. European Journal of Political
    Economy 24, 778–787.

    Edwards, S., Losada, F. J., 1994. Fixed exchange rates, inflation and macroeconomic discipline. NBER Working Paper, No. 4661.

    Eijffinger, S. C. W., Schaling, E., 1993. Central bank autonomy in twelve industrial countries. Banca Nazionale del Lavoro Quarterly Review 184, 49–89.

    Franzese, R. J., 1999. Partially independent central banks, politically responsive governments, and inflation. American Journal of Political Science 43(3), 681–706.

    Ghosh, A., Gulde, A. M., Ostry, J., Wolf, H., 1997. Does the nominal exchange rate regime matter? NBER Working Paper, No. 5874.

    Grilli, V., Masciandaro, D., Tabellini, G., 1991. Political and monetary institutions and public financial policies in the industrial countries. Economic Policy 13, 341–392.

    Hammond, G., 2012. State of the art of inflation targeting. CCBS Handbook No. 29, Bank of England.

    Hasse, R. H., 1990. The European central bank: perspectives for the further development of the European monetary system. In R. Hasse, W. Weidenfeld, and R. Biskup (eds.), The European central bank: perspectives for the further development of the European monetary system. Gütersloh: Bertelsmann Foundation.

    Im, K. S., Pesaram, M. H., Shin, Y., 2003. Testing for unit roots in heterogeneous panels. Journal of Econometrics 115, 53–74.

    Jácome, L. I., Vázquez, F., 2008. Is there any link between legal central bank independence and inflation? Evidence from Latin America and the Caribbean. European Journal of Political Economy 24, 788–801.

    Klomp, J. G., de Haan, J., 2010a. Central bank independence and inflation revisited. Public Choice 144, 445–457.

    Klomp, J. G., de Haan, J., 2010b. Inflation and central bank independence: a meta regression analysis. Journal of Economic Surveys 24(4), 593–621.

    Koenker, R., 2004. Quantile regression for longitudinal data. Journal of Multivariate Analysis 91, 74–89.

    Kydland, F. E., Prescott, E. C., 1977. Rules rather than discretion: the inconsistency of optimal plans. Journal of Political Economy 85, 473–491.

    Levy-Yeyati, E., Sturzenegger, F., 2005. Classifying exchange rate regimes: deeds vs. words. European Economic Review 49, 1603–1635.

    Levin, A., Lin, C., Chu, C., 2002. Unit root tests in panel data: asymptotic and finite-sample properties. Journal of Econometrics 108, 1–24.

    Lin, H.-Y., 2010. A revisit of the relation between central bank independence and inflation. The Empirical Economics Letters 9(2), 139–143.

    Lohmann, S., 1992. Optimal commitment in monetary policy: credibility versus flexibility. American Economic Review 82(1), 273–286.

    Loungani, P., Sheets, N., 1997. Central bank independence, inflation, and growth in transition economies. Journal of Money, Credit, and Banking 29(3), 381–399.

    Lybek, T., 1999. Central bank autonomy, and inflation and output performance in the Baltic states, Russia, and other countries of the former Soviet Union, 1995–1997. IMF Working Paper, No. 99/04.

    Maxfield, S., 1997. Gatekeepers of growth. The international political economy of central banking in developing countries. Princeton: Princeton University Press.

    Obstfeld, M., Rogoff, K., 1995. The mirage of fixed exchange rates. NBER Working Papers, No. 5191.

    Posen, A. S., 1995. Declarations are not enough: financial sector sources of central bank independence. NBER Macroeconomics Annual 10, 253–274.

    Powell, J. M., Thyne, C. L., 2011. Global instances of coups from 1950 to 2010: a new dataset. Journal of Peace Research 48(2), 249–259.

    Reinhart, C. M., Rogoff, S. K., 2004. The modern history of exchangement rate arrangements: a reinterprretation. The Quarterly Journal of Economics CXIX(1), 1–48.

    Rogoff, K., 1985. The optimal degree of commitment to an intermediate monetary target. The Quarterly Journal of Economics 100(4), 1169–1189.

    Romer, D., 1993. Openness and inflation: theory and evidence. The Quarterly Journal of Economics CVIII(4), 869–901.

    Sturm, J.-E., de Haan, J., 2001. Inflation in developing countries: does central bank independence matter? New evidence based on a new data set. Ifo Studien 47(4), 389–403.

    Summers, R., Heston, A., 1988. A new set of international comparisons of real product and price levels estimates for 130 countries, 1950–1985. Review of Income and Wealth 34, 1–25.

    Temple, J., 1998. Central bank independence and inflation: good news and bad news. Economics Letters 61, 215–219.

    Tsebelis, G., 1995. Decision making in political systems: veto players in presidentialism, parliamentarism, multicameralism and multipartyism. British Journal
    of Political Science 25(3), 289–325.

    Vuletin, G., Zhu, L., 2011. Replacing a disobedient central bank governor with a docile one: a novel measure of central bank independence and its effect on inflation. Journal
    of Money, Credit, and Banking 43(6), 1186–1125.

    Walsh, C., 2005. Central bank independence. Prepared for the New Palgrave Dictionary, December 2005 (downloaded from: http://people.ucsc.edu/∼walshc/).
    Description: 碩士
    國立政治大學
    經濟學系
    99258001
    101
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0992580011
    Data Type: thesis
    Appears in Collections:[經濟學系] 學位論文

    Files in This Item:

    File SizeFormat
    index.html0KbHTML2384View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback