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attributes in a policy evaluation of Inflation Targeting. The paper offers a potential outcomes analysis of the impact of … inflation targeting on inflation and inflation volatility, and focuses on advanced economies that adopt “inflation targeting” as … a formal monetary policy. In order to deal with the counterfactual question, namely what would be the inflation rate for …
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Monetary Policy in Switzerland Comparison of Inflation and Price-Level Targeting Bayesian Estimation of a Small Open DSGE Model …Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting …, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation …
Persistent link: https://www.econbiz.de/10012819094
This study investigates inflation persistence in annual CPI inflation collected between 1994 and 2014 for 46 African … countries. We group these countries into panels according to whether they are inflation targeters or not and conduct estimations … for pre and post inflation targeting periods. Interestingly enough, we find that inflation persistence was much higher for …
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monetary policy variables impact inflation, output, money supply, and the financial sector in India. Our results for the period … that monetary policy is more efficient in explaining the variations in inflation rather than stimulating output indicating …
Persistent link: https://www.econbiz.de/10012306865