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Evaluating the Performance of Inflation Targeting

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

Applying the Ordinary Least Square method and panel data analysis, the performance of inflation targeting (IT) regime is analyzed in 11 developed and developing economies. The results show that the implementation of inflation targeting has effectively reduced the inflation rate and stimulates high output growth. The reduction of inflation rate is larger in developing economies but the gain in higher output growth is larger in developed economies. On the other hand, there is strong evidence that inflation targeting has led to higher volatility in exchange rate of developed economies. Furthermore, the deviations of inflation and output gap have increased in the post-IT period in few economies. However, we do not find evidence that inflation targeting induces trade-off relationship between inflation and output gap as the trade-off relationship between inflation and output gap also detected in the pre-IT period. Overall results show on better economic conditions after the implementation of inflation targeting regime.

Product Specifications
SKU :COC70043
AuthorJenq Fei Chu and Siok Kun Sek
LanguageEnglish
BindingPaperback
Number of Pages72
Publishing Year2011-12-12T00:00:00.000
ISBN978-3847314363
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00