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Inflation targeting and the cyclicality of monetary policy

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Inflation targeting and the cyclicality of monetary policy. / Thornton, John; Vasilakis, Chrysovalantis.
In: Finance Research Letters, Vol. 20, 02.2017, p. 296-302.

Research output: Contribution to journal › Article › peer-review

HarvardHarvard

Thornton, J & Vasilakis, C 2017, 'Inflation targeting and the cyclicality of monetary policy', Finance Research Letters, vol. 20, pp. 296-302. https://doi.org/10.1016/j.frl.2016.10.012

APA

Thornton, J., & Vasilakis, C. (2017). Inflation targeting and the cyclicality of monetary policy. Finance Research Letters, 20, 296-302. https://doi.org/10.1016/j.frl.2016.10.012

CBE

Thornton J, Vasilakis C. 2017. Inflation targeting and the cyclicality of monetary policy. Finance Research Letters. 20:296-302. https://doi.org/10.1016/j.frl.2016.10.012

MLA

Thornton, John and Chrysovalantis Vasilakis. "Inflation targeting and the cyclicality of monetary policy". Finance Research Letters. 2017, 20. 296-302. https://doi.org/10.1016/j.frl.2016.10.012

VancouverVancouver

Thornton J, Vasilakis C. Inflation targeting and the cyclicality of monetary policy. Finance Research Letters. 2017 Feb;20:296-302. Epub 2016 Oct 28. doi: 10.1016/j.frl.2016.10.012

Author

Thornton, John ; Vasilakis, Chrysovalantis. / Inflation targeting and the cyclicality of monetary policy. In: Finance Research Letters. 2017 ; Vol. 20. pp. 296-302.

RIS

TY - JOUR

T1 - Inflation targeting and the cyclicality of monetary policy

AU - Thornton, John

AU - Vasilakis, Chrysovalantis

PY - 2017/2

Y1 - 2017/2

N2 - 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.

AB - 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.

U2 - 10.1016/j.frl.2016.10.012

DO - 10.1016/j.frl.2016.10.012

M3 - Article

VL - 20

SP - 296

EP - 302

JO - Finance Research Letters

JF - Finance Research Letters

SN - 1544-6123

ER -