Publication: Inflation Targeting Does Not Matter: Another Look at OECD Sacrifice Ratios
Authors
Brito, Ricardo Dias de Oliveira
relationships.isAdvisorOf
relationships.isCoadvisorOf
item.page.citationsscopus
- Citations
- Citation Indexes: 22
- Policy Citations: 5
- Captures
- Readers: 13
- Mentions
- News Mentions: 1
Type
Artigo Científico
Date
2010
Abstract
Recently in this journal, Gonc ̧alves and Carvalho (2009) concluded thatinflation targeters were able to bring inflation down at less cost than non-targeters (p. 242). This comment shows that their conclusion is not robustbut instead is the result of comparing a particular subset of inflation tar-geting (IT) disinflations with nonsimultaneous disinflations that occurredunder very different macroeconomic conditions. In their sample, simple ex-tensions such as justifiably varying the treatment group of IT disinflations,to control for common time-varying effects or to control for the MaastrichtTreaty effects, suggest that IT does not matter
Keywords
Journal Title
Journal of Money, Credit and Banking
item.page.sourceUri
item.page.doi
Book's title
item.page.scopusurl
Main language
Inglês
Notes
Examination board
Subject Area - CNPq Classification
Ciências Exatas e da Terra