Re-evaluating the effectiveness of inflation targeting

DOI10.1016/J.JEDC.2018.01.045MaRDI QIDQ1657307zbMATH OpenOpenAlexFDO

Authors Omid M. Ardakani, N. Kundan Kishor, Suyong Song

Publication date 13 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2018.01.045

zbMATH Keywords

inflation targetingpropensity scoresingle index modeltreatment effects

Mathematics Subject Classification ID

Nonparametric regression and quantile regression (62G08) Applications of statistics to actuarial sciences and financial mathematics (62P05) Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Econometric inflation targeting
• Inflation targeting as a means of achieving disinflation
• Efficiency and determinacy of equilibrium under inflation targeting
• Optimal horizons for inflation targeting
• Inflation targeting as a coordination device
• LEARNING THE INFLATION TARGET
• Inflation targeting with imperfect information
• A NOTE ON THE ANCHORING EFFECT OF EXPLICIT INFLATION TARGETS

Cites work

• An Efficient Semiparametric Estimator for Binary Response Models
• Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score
• Optimal rates of convergence for nonparametric estimators
• Optimal smoothing in single-index models
• Semiparametric least squares (SLS) and weighted SLS estimation of single-index models
• Semiparametric models with single-index nuisance parameters
• The central role of the propensity score in observational studies for causal effects

Cited in

(19)

• Inflation dynamics and monetary strategies: Evidence from six industrialized countries
• Some tests on the effects of inflation targeting in New Zealand, Canada, and the UK
• The signaling effect of raising inflation
• Drifting inflation targets and monetary stagflation
• The macroeconomic and fiscal implications of inflation forecast errors
• An evaluation of private forecasts of interest rate targets in Brazil
• Inflation-targeting rules: history-dependent or forward-looking?
• Heterogeneous response of disaggregate inflation to monetary policy regime change: the role of price stickiness
• How should central banks respond to non-neutral inflation expectations?
• Investigating the relationship between exchange rate and inflation targeting
• LEARNING THE INFLATION TARGET
• A NOTE ON THE ANCHORING EFFECT OF EXPLICIT INFLATION TARGETS
• Inflation targeting as a means of achieving disinflation
• Evaluating the treatment effect of hard pegs: new wine in old bottles
• THE FEDERAL RESERVE'S IMPLICIT INFLATION TARGET AND MACROECONOMIC DYNAMICS: AN SVAR ANALYSIS
• Inflation targeting and firm performance in developing countries
• Semiparametric single-index estimation for average treatment effects
• Information content of inflation expectations: a copula-based model
• Performance of inflation targeting based on constant interest rate projections

Describes a project that uses

Uses Software

• MICE
• np

This page was built for publication: Re-evaluating the effectiveness of inflation targeting

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1657307)