04633oam 22012254 450 991078833140332120230721045709.01-4623-2247-61-4518-7295-X1-282-84362-197866128436241-4519-9533-4(CKB)3170000000055303(SSID)ssj0000941479(PQKBManifestationID)11586505(PQKBTitleCode)TC0000941479(PQKBWorkID)10964022(PQKB)10059423(OCoLC)680614152(MiAaPQ)EBC1605919(IMF)WPIEE2009148(EXLCZ)99317000000005530320020129d2009 uf 0engurcn|||||||||txtccrIn Search of Successful Inflation Targeting : Evidence From An Inflation Targeting Index /Yanliang MiaoWashington, D.C. :International Monetary Fund,2009.35 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1724-4 Includes bibliographical references.In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the impact of flexibility is no longer significant. The significant and negative association between transparency and the level and variation of inflation is confirmed when we check for robustness by controlling for disinflation stage, subsampling, instrumental variable estimation, and principal component analysis (PCA).IMF Working Papers; Working Paper ;No. 2009/148Inflation targetingMonetary policyBanks and BankingimfInflationimfMoney and Monetary PolicyimfPublic FinanceimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMonetary PolicyimfCentral Banks and Their PoliciesimfPrice LevelimfDeflationimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfTaxation, Subsidies, and Revenue: GeneralimfMacroeconomicsimfMonetary economicsimfBankingimfPublic finance & taxationimfInflation targetingimfDisinflationimfCentral bank autonomyimfPricesimfMonetary policyimfCentral banksimfInstitutional arrangements for revenue administrationimfRevenue administrationimfBanks and bankingimfRevenueimfNew ZealandimfInflation targeting.Monetary policy.Banks and BankingInflationMoney and Monetary PolicyPublic FinanceMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMonetary PolicyCentral Banks and Their PoliciesPrice LevelDeflationBanksDepository InstitutionsMicro Finance InstitutionsMortgagesTaxation, Subsidies, and Revenue: GeneralMacroeconomicsMonetary economicsBankingPublic finance & taxationInflation targetingDisinflationCentral bank autonomyPricesMonetary policyCentral banksInstitutional arrangements for revenue administrationRevenue administrationBanks and bankingRevenueMiao Yanliang1472656International Monetary Fund.DcWaIMFBOOK9910788331403321In Search of Successful Inflation Targeting3685519UNINA