Cargando…
In Search of Successful Inflation Targeting.
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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington :
International Monetary Fund,
2009.
|
| Colección: | IMF Working Papers.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
| LEADER | 00000cam a2200000Mu 4500 | ||
|---|---|---|---|
| 001 | EBOOKCENTRAL_ocn870244676 | ||
| 003 | OCoLC | ||
| 005 | 20240329122006.0 | ||
| 006 | m o d | ||
| 007 | cr |n||||||||| | ||
| 008 | 140208s2009 dcu o 000 0 eng d | ||
| 040 | |a EBLCP |b eng |e pn |c EBLCP |d OCLCQ |d YDXCP |d OCLCQ |d ZCU |d MERUC |d ICG |d OCLCO |d OCLCF |d OCLCQ |d DKC |d OCLCQ |d OCLCO |d OCLCQ |d OCLCO |d OCLCL | ||
| 020 | |a 9781451995336 | ||
| 020 | |a 1451995334 | ||
| 029 | 1 | |a DEBBG |b BV044178206 | |
| 035 | |a (OCoLC)870244676 | ||
| 050 | 4 | |a HG229 |b .M53 2009 | |
| 049 | |a UAMI | ||
| 100 | 1 | |a Miao, Yanliang. | |
| 245 | 1 | 0 | |a In Search of Successful Inflation Targeting. |
| 260 | |a Washington : |b International Monetary Fund, |c 2009. | ||
| 300 | |a 1 online resource (37 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; II. Literature Review and the Construction of an IT Index; A. What Constitutes Inflation Targeting?; B.A Framework for Constructing an IT Index; III. Data and Econometric Analysis; A. The Validity of the Subindices on Flexibility and Transparency; B. Does IT Matter? Is There an Optimal Degree of Flexibility or Transparency?; C.A Horse Race Between Different IT Components; IV. Robutsness Checks; A. Principal Component Analysis (PCA); B. Subsampling; C. Endogeneity; V. Avenues for Future Research and Reflections; A. The Creditbility and Flexibility Trade-off. | |
| 505 | 8 | |a B. Final ReflectionsVI. Appendices; Tables; 1. Flexibility of IT and Target Design; 2. Formal Procedures for Target Breach and Escape Clauses; 3. The Flexibility Index of Full-fledged ITers; Figures; 1. Inflation and Tranparency for Selected ITers; 2. Inflation and Flexibility for Selected ITers; 3. Inflation Variation and Transparency for Selected ITers; 4. Inflation Variation and Flexibility for Selected ITers; 4. The Transparency Index of Full-fledget ITers; 5. Mean Inflation and Inflation Targeting Indices; 6. Inflation Variation and Inflation Targeting Indices. | |
| 505 | 8 | |a 5. Scree Plot of Eigenvalues after PCA7. Principal Components without Orthogonal Rotation; 8. Principal Components and the Level and Variation of Inflation; 9. Principal Components with Orthogonal Rotation; 10. Correlations between the Rotated Factors and the Underlying Attributes; 11. Rotated Principal Components and the Level and Variation of Inflation; 12. Mean and Variation of Inflation: Subsampling; 13. Mean and Variation of Inflation: Controlling for Disinflation; 14. Instrument for Transparency and 2SLS Estimation; References. | |
| 520 | |a 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 robu. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Inflation targeting. | |
| 650 | 0 | |a Monetary policy. | |
| 650 | 6 | |a Ciblage d'inflation. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 7 | |a Inflation targeting |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 758 | |i has work: |a In Search of Successful Inflation Targeting (Text) |1 https://id.oclc.org/worldcat/entity/E39PCXmxKDkQTyYTCbbdVvgMyd |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Miao, Yanliang. |t In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index. |d Washington : International Monetary Fund, ©2009 |z 9781451872958 |
| 830 | 0 | |a IMF Working Papers. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1605919 |z Texto completo |
| 938 | |a EBL - Ebook Library |b EBLB |n EBL1605919 | ||
| 938 | |a YBP Library Services |b YANK |n 11618067 | ||
| 994 | |a 92 |b IZTAP | ||