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