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Inflation Targeting Matters: Evidence from OECD Economies` Sacrifice Ratios
(WILEY-BLACKWELL PUBLISHING, INC, 2009)
Using data from OECD economies, we show that inflation targeters suffered smaller output losses during disinflations when compared to nontargeters. We also study why some countries choose to inflation target while others ...
Inflation targeting and macroeconomic stability in a Post Keynesian economy
(M E SHARPE INC, 2008)
This paper examines the compatibility of inflation targeting with an economy that is Post Keynesian in character. We show that in a Post Keynesian environment, policymakers can both set and achieve an inflation target ...
Assessing inflation targeting after a decade of world experience
(John Wiley & Sons, Ltd., 2001)
Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very successfulin meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization ...
Inflation targeting in emerging economies: What do the data say?
(ELSEVIER SCIENCE BV, 2008)
In a recent thought-provoking paper, Ball and Sheridan [Ball, L., Sheridan, N., 2005. Does inflation targeting matter? In: Bernanke, B.S., Woodford, M. (Eds.), The Inflation-Targeting Debate, University of Chicago Press] ...
Inflation targeting and the sacrifice ratio
(Fundação Getúlio Vargas, 2008)
In this paper we show that economies that adopted the inflation targeting (IT) regime have been able to "disinflate" less costly. The effect of IT on the sacrifice ratio is not only statistically significant, but also ...
Who chooses to inflation target?
(ELSEVIER SCIENCE SA, 2008)
In this article, we seek what are the factors behind a country`s decision to move to Inflation Targeting. We find that high past inflation, low debt levels and the absence of a nominal exchange rate anchor increase the ...
Price Dispersion and Optimal Inflation: the Spanish Case
This paper studies the relation between inflation and relative price variability (RPV) in Spain during the 1987-2009 period. We find that this relation presents a U-shape profile, and that the optimal annual inflation rate ...
Global policy spillovers and Perus monetary policy: Inflation targeting, foreign exchange intervention and reserve requirements
(Universidad San Ignacio de Loyola, 2014)
This paper provides an overview of the monetary policy actions undertaken by the Central Reserve Bank of Peru, combining its main inflation targeting framework with sterilised FX interventions and reserve requirement ...
Hybrid Inflation Targeting Regimes
(Universidad Alberto Hurtado. Facultad de Economía y Negocios, 2015)