Showing 1 - 10 of 119
In this paper, we empirically examine the effect of inflation targeting on the exchange rate pass-through to prices in … inflation targeters and twelve inflation nontargeters). Our evidence suggests that inflation targeting in emerging countries has … contribution of exchange rate shocks to price fluctuations in emerging targeters declines after adopting inflation targeting. …
Persistent link: https://www.econbiz.de/10010603682
This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for … inflation in the EA context. …
Persistent link: https://www.econbiz.de/10010899330
This paper analyzes the exchange rate pass-through (ERPT) into consumer prices for 12 euro area (EA) countries within a cointegrated VAR (CVAR) framework. Using the Johansen cointegration procedure, results indicate the existence of one cointegrating vectors at least for each EA country of our...
Persistent link: https://www.econbiz.de/10010821130
In this paper we investigate the impact of financial globalization on the behaviour of inflation targeting emerging … data for six emerging market inflation targeting economies from the date of their inflation targeting adoption to 2009 Q4 … should not be so as even under flexible inflation targeting central bank responds to inflation deviation and output gap; we …
Persistent link: https://www.econbiz.de/10009372685
We use laboratory experiments with human subjects to test the relevance of di-fferent inflation targeting regimes. In … particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is … relevant to the success of inflation targeting. We -find that if the central bank only cares about inflation stabilization …
Persistent link: https://www.econbiz.de/10010899555
While the mainstream policies can not be surpassed in the enchanted ‘optimizable'world, (Post) Keynesians have to resign themselves to manage without magic wand inthe uncertain real world. The paper discusses the monetary rules proposed in the recentPost Keynesian literature. It argues that...
Persistent link: https://www.econbiz.de/10008792683
Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period … 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four …
Persistent link: https://www.econbiz.de/10008794278
vector autoregression (TVAR) model. A monthly rate of inflation of 0.79% acts as a threshold. The exchange rate pass …-through to domestic prices is statistically significant above the threshold level of the inflation rate and statistically …
Persistent link: https://www.econbiz.de/10010898742
This paper shows that internationalized production, modelled as trade in intermediate goods, challenges the standard result according to which exchange rate volatility insulates small open economies from external shocks. Movements of relative prices affect the economy through an additional...
Persistent link: https://www.econbiz.de/10008790598
This paper analyzes the effects of Inflation Targeting (IT) and Fiscal Rules (FR) on fiscal behaviors and inflation …
Persistent link: https://www.econbiz.de/10010899438