Evaluating the Performance of Inflation Targeting: An Empirical Analysis - Couverture souple

Chu, Jenq Fei; Sek, Siok Kun

 
9783847314363: Evaluating the Performance of Inflation Targeting: An Empirical Analysis
Couverture souple
ISBN 10 : 384731436X ISBN 13 : 9783847314363
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

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.

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Présentation de l'éditeur

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.

Biographie de l'auteur

Jenq Fei Chu is a graduate student under the Program of Applied Sciences (Statistics) at School of Mathematical Sciences, Universiti Sains Malaysia.Siok Kun Sek is a Senior Lecturer of School of Mathematical Sciences, Universiti Sains Malaysia (USM), Malaysia. Her main research area is in Econometrics, Monetary Policy an

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Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
384731436X
ISBN 13 
9783847314363
Reliure
Broché
Nombre de pages
72
Coordonnées du fabricant
non disponible
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Autres éditions populaires du même titre

9783639367577: Evaluating The Performance Of Inflation Targeting: An Empirical Analysis

Edition présentée

ISBN 10 :  363936757X ISBN 13 :  9783639367577
Editeur : VDM Verlag, 2011
Couverture souple