IMF Research Bulletin, June 2008 ePub (Adobe DRM) download by Internation International Monetary Fund

IMF Research Bulletin, June 2008

INTERNATIONAL MONETARY FUND
Publication date: July 2008
ISBN: 9781455231485
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In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the impact of flexibility is no longer significant. The significant and negative association between transparency and the level and variation of inflation is confirmed when we check for robustness by controlling for disinflation stage, subsampling, instrumental variable estimation, and principal component analysis (PCA).
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IMF Research Bulletin, June 2008 ePub (Adobe DRM) download by Internation International Monetary Fund
INTERNATIONAL MONETARY FUND, July 2008
ISBN: 9781455231485
EAN:  9781455231485
ePub (Adobe DRM)
eBook price: Free
IMF Research Bulletin, June 2008 PDF (Adobe DRM) download by Internation International Monetary Fund
INTERNATIONAL MONETARY FUND, July 2008
ISBN: 9781455242573
EAN:  9781455242573
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