Evaluating the Performance of Inflation Targeting | An Empirical Analysis

Jenq Fei Chu (u. a.)

ISBN 10: 384731436X / ISBN 13: 9783847314363

Published by LAP LAMBERT Academic Publishing, 2011

About this Item

Evaluating the Performance of Inflation Targeting | An Empirical Analysis | Jenq Fei Chu (u. a.) | Taschenbuch | 72 S. | Englisch | 2011 | LAP LAMBERT Academic Publishing | EAN 9783847314363 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu.

Seller Inventory # 106693424

Bibliographic Details

• Title: Evaluating the Performance of Inflation Targeting | An Empirical Analysis
• Publisher: LAP LAMBERT Academic Publishing
• Publication Date: 2011
• Language: English
• ISBN 10: 384731436X
• ISBN 13: 9783847314363
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 5D millimeters 220 millimeters width by 150 millimeters height by 5 millimeters depth
• Weight: 125 grams
• Seller catalogs:
  • Bücher

About this title

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.

About the Author

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