Inflation targeting and the cyclicality of monetary policy
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
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- 2017 Inflation targeting and the cyclicality of monetary policy_Revised_FRLs
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Dangosydd eitem ddigidol (DOI)
We assess whether the adoption of inflation targeting (IT) frameworks has facilitated countercyclical monetary policies in a sample of 90 industrial and developing economies, 22 of which have adopted IT. Using propensity score matching methods, we show that the average treatment effect of IT has a statistically significant and quantitatively quite large effect in facilitating a more countercyclical monetary policy in IT adopting countries.
| Iaith wreiddiol | Saesneg |
|---|---|
| Tudalennau (o-i) | 296-302 |
| Cyfnodolyn | Finance Research Letters |
| Cyfrol | 20 |
| Dyddiad ar-lein cynnar | 28 Hyd 2016 |
| Dynodwyr Gwrthrych Digidol (DOIs) | |
| Statws | Cyhoeddwyd - Chwef 2017 |
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