Inflation targeting and the cyclicality of monetary policy

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygl

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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 wreiddiolSaesneg
Tudalennau (o-i)296-302
CyfnodolynFinance Research Letters
Cyfrol20
Dyddiad ar-lein cynnar28 Hyd 2016
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - Chwef 2017

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