dc.creatorGONCALVES, Carlos Eduardo S.
dc.creatorCARVALHO, Alexandre
dc.date.accessioned2012-10-19T13:17:57Z
dc.date.accessioned2018-07-04T14:59:38Z
dc.date.available2012-10-19T13:17:57Z
dc.date.available2018-07-04T14:59:38Z
dc.date.created2012-10-19T13:17:57Z
dc.date.issued2009
dc.identifierJOURNAL OF MONEY CREDIT AND BANKING, v.41, n.1, p.233-243, 2009
dc.identifier0022-2879
dc.identifierhttp://producao.usp.br/handle/BDPI/20505
dc.identifier10.1111/j.1538-4616.2008.00195.x
dc.identifierhttp://dx.doi.org/10.1111/j.1538-4616.2008.00195.x
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/1617288
dc.description.abstractUsing 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 do not and find that higher average inflation and smaller debt levels render the adoption of the regime more likely. Applying Heckman`s procedure to control for selection bias does not alter the link between inflation targeting and less costly disinflations.
dc.languageeng
dc.publisherWILEY-BLACKWELL PUBLISHING, INC
dc.relationJournal of Money Credit and Banking
dc.rightsCopyright WILEY-BLACKWELL PUBLISHING, INC
dc.rightsrestrictedAccess
dc.subjectE42
dc.subjectE52
dc.subjectinflation targeting
dc.subjectsacrifice ratio
dc.subjectselection bias
dc.titleInflation Targeting Matters: Evidence from OECD Economies` Sacrifice Ratios
dc.typeArtículos de revistas


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