Taguchi, Hiroyuki; Sohn, Woong-Ki - East Asian Bureau of Economic Research (EABER) - 2010
This article sets out to assess the performance of inflation targeting (IT) frameworks from the perspective of the pass-through … then investigate the linkage between inflation-responsive rules and pass-through rates, as suggested by Gagnon and Ihrig … has lost pass-through under IT adoption, thereby showing the clear linkage between inflation-responsive rules and the loss …