Data on Central Bank Independence

This website provides the data on the CBIE index in Romelli (2022, 2024), as well as the most commonly used indices of central bank independence (i.e. Grilli, Masciandaro and Tabellini, 1991 and Cukierman, Webb and Neyapti, 1992) for 155 countries between 1923 (or the year in which the first legislation was available for a country) and 2023. The data draw on central bank legislations obtained from central bank websites and other sources and are freely available for academic research and personal non-commercial use.

Explore the Data

Use the interactive map to explore central bank independence across countries and over time. Click on a country to see its historical trend.

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Data

Download the latest version of the dataset.

Codebook

For a detailed description of the construction of this dataset download the codebook below.

Citations

When using this data, please cite:

Romelli, D., 2022. The political economy of reforms in central bank design: evidence from a new dataset. Economic Policy, 37(112), pp. 641-688.
Romelli, D., 2024. Trends in central bank independence: a de-jure perspective. BAFFI CAREFIN Centre Research Paper No. 217.

Contact

davideromelli

Davide Romelli

Trinity College Dublin

romellid@tcd.ie