Evaluating the Performance of Inflation Targeting
نویسندگان
چکیده
منابع مشابه
Evaluating Inflation Targeting Using a Macroeconometric Model
This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate inflation targeting in the United States. Various interest rate rules are tried with differing weights on inflation and output, and various optimal control problems are solved using differing weights on inflation and output targets. Price-level targeting is also considered. The results show that 1...
متن کاملEvaluating inflation targeting based on the distribution of inflation and inflation volatility
In this paper the Financial Development Index (FDI) is used to rank 57 of the world’s leading financial systems. Its calculation is based on the following 7 economic pillars: (1) Institutional environment, (2) Business environment, (3) Financial stability, (4) Banking financial services, (5) Non-banking financial services, (6) Financial markets, and (7) Financial access. Pillar (4) is construct...
متن کاملPerformance of Inflation Targeting across Canadian Provinces
This paper examines how inflation-targeting framework performs across the Canadian provinces. The framework implies optimal moment conditions such that forecasts of inflation, conditional on information available today, are kept on target. We analyze whether these conditions hold when we use provincial inflation and various information variables deemed to be useful for forecasting. We find that...
متن کاملEVALUATING INFLATION TARGETING USING A MACROECONOMETRIC MODEL By
This paper uses a structurally estimatedmacroeconometricmodel, denoted the MC model, to evaluate in ation targeting in the United States. Various interest rate rules are tried with differing weights on in ation and output, and various optimal control problems are solved using differing weights on in ation and output targets. Price-level targeting is also considered. The results show that 1) the...
متن کاملThe Effect of Inflation Targeting on Indirect Tax Performance in Selected Countries Using Propensity Score Matching Model
Inflation targeting framework has become a predominant monetary approach across the globe. Williams (2015) believes that in a very real sense, almost all economies are inflation targeters -either explicit or implicit- now.(1) Due to the increasing spread of this policy, it is necessary to consider the way it affects macroeconomic variables. using prevalent economic models for evaluating the eff...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2012
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v4n9p69