Showing 1 - 10 of 82
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
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
, generating one of the greatest global economic shocks. The aim of this study is to investigate whether inflation targeting has … made a difference during this crisis. We first present some arguments suggesting that inflation targeters can be expected … inflation rate and GDP growth. However, the rise in interest rates and inflation volatility during the crisis has been …
Persistent link: https://www.econbiz.de/10010663554
This paper investigates the effect of Inflation Targeting (IT) on Foreign Direct Investment (FDI). Based on panel data …
Persistent link: https://www.econbiz.de/10010618148
The 2008/2009 financial crisis raised issues related to the monetary policy doctrine of the last two decades. Inflation … targeting has been criticized as its main objective of inflation stabilisation might have diverted central banks from other … investigating (i) whether inflation targeting is associated to higher financial instability, and (ii) whether inflation targeting …
Persistent link: https://www.econbiz.de/10010821227
Under what conditions should a central bank adopt an inflation targeting regime ? This is the main question we address … higher macroeconomic performances. We analyze the issue of optimal inflation targeting in a new theoretical framework, which … setting. We show that adopting a target for inflation, crucially depends on the sequential but complementary importance of the …
Persistent link: https://www.econbiz.de/10010821354
Les crises de change des années 90 se sont produites dans un contexte d'intégration financière internationale croissante. Elles ont relancé le débat relatif au choix du régime de change. Le triangle éternel de Krugman (1998) permet de comprendre les termes de ce débat. Ce triangle...
Persistent link: https://www.econbiz.de/10008788984
In this work, we study the inflation targeting effect on the inflation dynamics in the case of four industrial … countries. Our objective is to check whether the inflation targeting policy (ITP) has a significant impact on the change of the … inflation path. We use a non-parametric approach that doesn't require any previous modelling. This is the evolutionary spectral …
Persistent link: https://www.econbiz.de/10008789329
Inflation targeting is a monetary policy framework which was adopted by several emerging countries over the last decade …. Previous empirical studies suggest that inflation targeting has significant effects on either inflation or inflation … paper, Minea and Villieu (2009a) show theoretically that inflation targeting provides an incentive for governments to …
Persistent link: https://www.econbiz.de/10008789539
In this paper, we study the inflation dynamics in an industrial inflation-targeting country (New Zealand). Our … objective is to check if the inflation targeting policy has a transition period or not. Loosely speaking, we try to give some … response to the famous debate: if the inflation targeting is a framework or a simple monetaryrule. For this purpose, we use a …
Persistent link: https://www.econbiz.de/10008790618