A joint Initiative of Ludwig-Maximilians-Universitat and Ifo Institute for Economic Research
ffl≡SIι≡j Working Papers
INFLATION IN DEVELOPING
COUNTRIES: DOES CENTRAL BANK
INDEPENDENCE MATTER?
Jan-Egbert Sturm
Jakob de Haan*
CESifo Working Paper No. 511
June 2001
Presented at CESifo Area Conference on Macro, Money and International Finance, May 2001
CESifo
Center for Economic Studies & Ifo Institute for Economic Research
Poschingerstr. 5, 81679 Munich, Germany
Phone: +49 (89) 9224-1410 - Fax: +49 (89) 9224-1409
e-mail: [email protected]
ISSN 1617-9595
An electronic version of the paper may be downloaded
• from the SSRN website: www.SSRN.com
• from the CESifo website: www.CESifo.de
* We thank the participants at the CESifo Conference on Macro, Money and
International Finance for their comments and suggestions.