Cargando…

Testing the transparency benefits of inflation targeting : evidence from private sector forecasts /

I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparency. This effect is robust to dropping observations, is strengthened by using instrument...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Crowe, Christopher (Christopher W.) (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., 2006.
Colección:IMF working paper ; WP/06/289.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000 a 4500
001 EBOOKCENTRAL_ocn535146902
003 OCoLC
005 20240329122006.0
006 m o d
007 cr cn|||||||||
008 090810s2006 dcua ob 000 0 eng d
040 |a CaPaEBR  |b eng  |e pn  |c COCUF  |d E7B  |d OCLCQ  |d FVL  |d OCLCQ  |d IDEBK  |d OCLCQ  |d OCLCO  |d OCLCE  |d OCLCF  |d AU@  |d EBLCP  |d DEBSZ  |d YDXCP  |d OCLCQ  |d CUS  |d LOA  |d MERUC  |d MOR  |d PIFAG  |d ZCU  |d OCLCQ  |d U3W  |d STF  |d WRM  |d CEF  |d NRAMU  |d ICG  |d CUS  |d VT2  |d OCLCQ  |d DKC  |d OCLCQ  |d HS0  |d OCLCQ  |d UKCRE  |d BOL  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCL 
019 |a 647626945  |a 647792820  |a 722721821  |a 728057369  |a 805506581  |a 817798336  |a 842972597  |a 961548582  |a 962615585  |a 966259828  |a 975210420  |a 975245571  |a 988428469  |a 991958751  |a 1017997640  |a 1037904909  |a 1038662587  |a 1041907852  |a 1044324048  |a 1045504236  |a 1055340994  |a 1056359669  |a 1058105378  |a 1060901656  |a 1074289962  |a 1077267290  |a 1079929848  |a 1080236593  |a 1081280749  |a 1103547765  |a 1107332847  |a 1109206026  |a 1114479719  |a 1119021154  |a 1153477991  |a 1202539234  |a 1228566072 
020 |a 1282391739 
020 |a 9781282391734 
020 |a 9781451910025 
020 |a 1451910029 
020 |a 1462378048 
020 |a 9781462378043 
020 |a 1452750130 
020 |a 9781452750132 
020 |a 9786613820167 
020 |a 6613820164 
024 8 |a 10.5089/9781451910025.001 
029 1 |a AU@  |b 000050983911 
029 1 |a AU@  |b 000053028696 
029 1 |a DEBBG  |b BV044086043 
029 1 |a DEBSZ  |b 449521699 
029 1 |a NZ1  |b 14241668 
035 |a (OCoLC)535146902  |z (OCoLC)647626945  |z (OCoLC)647792820  |z (OCoLC)722721821  |z (OCoLC)728057369  |z (OCoLC)805506581  |z (OCoLC)817798336  |z (OCoLC)842972597  |z (OCoLC)961548582  |z (OCoLC)962615585  |z (OCoLC)966259828  |z (OCoLC)975210420  |z (OCoLC)975245571  |z (OCoLC)988428469  |z (OCoLC)991958751  |z (OCoLC)1017997640  |z (OCoLC)1037904909  |z (OCoLC)1038662587  |z (OCoLC)1041907852  |z (OCoLC)1044324048  |z (OCoLC)1045504236  |z (OCoLC)1055340994  |z (OCoLC)1056359669  |z (OCoLC)1058105378  |z (OCoLC)1060901656  |z (OCoLC)1074289962  |z (OCoLC)1077267290  |z (OCoLC)1079929848  |z (OCoLC)1080236593  |z (OCoLC)1081280749  |z (OCoLC)1103547765  |z (OCoLC)1107332847  |z (OCoLC)1109206026  |z (OCoLC)1114479719  |z (OCoLC)1119021154  |z (OCoLC)1153477991  |z (OCoLC)1202539234  |z (OCoLC)1228566072 
042 |a dlr 
050 4 |a HG229  |b .C76 2006eb 
082 1 4 |a 330  |q OCoLC  |2 15/eng/20231120 
049 |a UAMI 
100 1 |a Crowe, Christopher  |q (Christopher W.),  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjJ73y4mT9YpgWvHRGBByd 
245 1 0 |a Testing the transparency benefits of inflation targeting :  |b evidence from private sector forecasts /  |c prepared by Christopher Crowe. 
260 |a Washington, D.C. :  |b International Monetary Fund, Research Dept.,  |c 2006. 
300 |a 1 online resource (29 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
340 |g polychrome.  |2 rdacc  |0 http://rdaregistry.info/termList/RDAColourContent/1003 
347 |a text file  |2 rdaft  |0 http://rdaregistry.info/termList/fileType/1002 
490 1 |a IMF working paper,  |x 2227-8885 ;  |v WP/06/289 
504 |a Includes bibliographical references (pages 26-29). 
520 |a I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparency. This effect is robust to dropping observations, is strengthened by using instrumental variable estimation to eliminate mean-reversion, and is absent in placebo regressions (where IT adoption is shifted by a year). This result supports Morris and Shin's (2002) contention that better public information is most beneficial for forecasters with bad private information. However, it does not support their hypothesis that better public information could make private forecasts less accurate. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a Contents -- I. Introduction -- II. Theoretical Framework -- III. Empirical Strategy and Results -- IV. Conclusions -- Appendix I. Comparative Statics in The Model of Morris and Shin (2002) -- Appendix II. Matching Algorithms -- REFERENCES 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Anti-inflationary policies  |x Econometric models. 
650 0 |a Inflation (Finance)  |x Forecasting  |x Econometric models. 
650 6 |a Inflation  |x Politique gouvernementale  |x Modèles économétriques. 
650 6 |a Inflation  |x Prévision  |x Modèles économétriques. 
650 7 |a Anti-inflationary policies  |x Econometric models  |2 fast 
650 7 |a Inflation (Finance)  |x Forecasting  |x Econometric models  |2 fast 
710 2 |a International Monetary Fund.  |b Research Department. 
776 0 8 |i Print version:  |a Crowe, Christopher (Christopher W.).  |t Testing the transparency benefits of inflation targeting.  |d Washington, D.C. : International Monetary Fund, Research Dept., 2006  |w (OCoLC)144512954 
830 0 |a IMF working paper ;  |v WP/06/289. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3012517  |z Texto completo 
936 |a BATCHLOAD 
938 |a ProQuest Ebook Central  |b EBLB  |n EBL3012517 
938 |a ebrary  |b EBRY  |n ebr10302911 
938 |a ProQuest MyiLibrary Digital eBook Collection  |b IDEB  |n 382016 
938 |a YBP Library Services  |b YANK  |n 12385104 
994 |a 92  |b IZTAP