Central bank interventions in a dollarized economy: managed floating versus inflation targeting
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-017-1331-5
Abstract: Effects of interventions by the Banco Central de Reserva del Peru (BCRP) on the sol/USD exchange rate are studied. The BCRP is currently committed to following an inflation-targeting (IT) regime to intervene in the foreign… read more here.
Keywords: sol usd; inflation targeting; managed floating; exchange ... See more keywords
Business cycle synchronization: is it affected by inflation targeting credibility?
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DOI: 10.1007/s13209-019-00206-z
Abstract: We empirically study the impact of inflation targeting credibility on business cycle synchronization with G-7 economies. To do this, we use a sample of 15 inflation targeting countries to develop and calculate a reputation-based credibility… read more here.
Keywords: inflation targeting; targeting credibility; credibility; cycle synchronization ... See more keywords
IS THE WAGE RATE THE REAL ANCHOR OF THE INFLATION TARGETING MONETARY POLICY FRAMEWORK
Sign Up to like & getrecommendations! Published in 2017 at "Investigacion Economica"
DOI: 10.1016/j.inveco.2018.01.002
Abstract: Abstract Numerous central banks ( cb s) focus on controlling the nominal interest rate (i) to sway the price level and meet the inflation target (πo) nowadays ( Taylor, 1993 , Bernanke, 1999 , Woodford,… read more here.
Keywords: policy; inflation targeting; rate; anchor inflation ... See more keywords
Inflation targeting and the forward bias puzzle in emerging countries
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DOI: 10.1016/j.jimonfin.2018.09.003
Abstract: Based on quarterly data on 31 emerging countries (among which 16 are inflation targeting countries) from 1990Q1 to 2014Q3, we obtain a strong support for the conjecture that the implementation of inflation targeting weakens the… read more here.
Keywords: forward bias; emerging countries; inflation; inflation targeting ... See more keywords
INFLATION TARGETING, PATTERN OF TRADE, AND ECONOMIC DYNAMICS
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DOI: 10.1017/s1365100517000955
Abstract: This paper develops an analytically tractable, two-country, two-traded-good dynamic general-equilibrium model of money to examine the long-run and short-run effects of a temporary change in the domestic inflation target on the trade pattern, the terms… read more here.
Keywords: dynamics inflation; pattern trade; inflation targeting; targeting pattern ... See more keywords
INFLATION TARGETING, CREDIT FLOWS, AND FINANCIAL STABILITY IN A REGIME CHANGE MODEL
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DOI: 10.1017/s136510051700102x
Abstract: Recent papers point to the problem that inflation-targeting models do not as of yet consider financial market stability that can considerably derail inflation-targeting monetary policy, implying significant nonzero crisis probabilities that could come along with… read more here.
Keywords: regime; credit flows; model; inflation targeting ... See more keywords
Inflation targeting and the need for a new central banking framework
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Post Keynesian Economics"
DOI: 10.1080/01603477.2017.1368026
Abstract: ABSTRACT This article critically analyzes inflation targeting (IT) both theoretically and empirically. IT came into prominence in the 1990s and 1 central bank after another adopted this regime in the 1990s and 2000s. Proponents of… read more here.
Keywords: inflation rates; policy; framework; inflation targeting ... See more keywords
Is inflation targeting or the fixed exchange rate more effective for attracting FDI into developing countries?
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics Letters"
DOI: 10.1080/13504851.2017.1340563
Abstract: ABSTRACT This article investigates which monetary policy regime – inflation targeting or the fixed exchange rate – is more effective for attracting FDI inflows into developing countries. Using propensity score matching and the difference-in-differences estimator,… read more here.
Keywords: inflation targeting; fixed exchange; exchange rate;
Effects of Monetary and Macroprudential Policies—Evidence from Four Inflation Targeting Economies
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12495
Abstract: We examine the effects of monetary and macroprudential policies in the Asia‐Pacific region, where many inflation targeting economies have adopted macroprudential policies in order to safeguard financial stability. Using structural panel vector autoregressions that identify… read more here.
Keywords: inflation targeting; macroprudential policies; monetary macroprudential; targeting economies ... See more keywords