Inflation targeting did make a difference in industrial countries' inflation and output growth

dc.contributor.authorBrito, Ricardo Dias de Oliveira
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorBrito, Ricardo Dias de Oliveira
dc.date.accessioned2023-07-20T05:45:25Z
dc.date.available2023-07-20T05:45:25Z
dc.date.issued2012
dc.description.abstractInflation targeting did make a difference in industrial countries’ inflation and output growth I reevaluate the treatment effect of inflation targeting (IT) in industrial economies that adopted this regime in the early 1990s through dynamic panel regressions to show that IT had significant enhancing effects on realized inflation and GDP growth. I also refine the propensity score matching of Lin and Ye [2007. Does inflation targeting really make a difference? Evaluating the treatment effect of inflation targeting in seven industrial countries. Journal of Monetary Economics 54(8), 2521-2533] and Ball and Sheridan’s [2005. Does inflation targeting matter? In: Bernanke B, Woodford M (Eds), The inflation targeting debate, 249-276] cross-section regressions to show that their conclusion of IT irrelevance can be overturned. By analyzing other samples that extend theirs, I provide further evidence of the pioneering IT systems good performance among developed countries.
dc.description.otherI reevaluate the treatment effect of inflation targeting (IT) in industrial economies that adopted this regime in the early 1990s through dynamic panel regressions to show that IT had significant enhancing effects on realized inflation and GDP growth. I also refine the propensity score matching of Lin and Ye [2007. Does inflation targeting really make a difference? Evaluating the treatment effect of inflation targeting in seven industrial countries. Journal of Monetary Economics 54(8), 2521-2533] and Ball and Sheridan’s [2005. Does inflation targeting matter? In: Bernanke B, Woodford M (Eds), The inflation targeting debate, 249-276] cross-section regressions to show that their conclusion of IT irrelevance can be overturned. By analyzing other samples that extend theirs, I provide further evidence of the pioneering IT systems good performance among developed countries.pt_BR
dc.format.extent60 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issueBEWP 115/2011
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/5887
dc.language.isoInglêspt_BR
dc.publisherInsperpt_BR
dc.publisherIBMEC - São Paulopt_BR
dc.relation.ispartofseriesInsper Working Paperpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsinflation targetingpt_BR
dc.subject.keywordsInflationpt_BR
dc.subject.keywordsInflation-output growth short-run tradeoffpt_BR
dc.subject.keywordsDynamic panelpt_BR
dc.subject.keywordsDifference-in-differencept_BR
dc.subject.keywordsPropensity score matchingpt_BR
dc.titleInflation targeting did make a difference in industrial countries' inflation and output growthpt_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR

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