LEADER 04633oam 22012254 450 001 9910788331403321 005 20230721045709.0 010 $a1-4623-2247-6 010 $a1-4518-7295-X 010 $a1-282-84362-1 010 $a9786612843624 010 $a1-4519-9533-4 035 $a(CKB)3170000000055303 035 $a(SSID)ssj0000941479 035 $a(PQKBManifestationID)11586505 035 $a(PQKBTitleCode)TC0000941479 035 $a(PQKBWorkID)10964022 035 $a(PQKB)10059423 035 $a(OCoLC)680614152 035 $a(MiAaPQ)EBC1605919 035 $a(IMF)WPIEE2009148 035 $a(EXLCZ)993170000000055303 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIn Search of Successful Inflation Targeting : $eEvidence From An Inflation Targeting Index /$fYanliang Miao 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a35 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1724-4 320 $aIncludes bibliographical references. 330 3 $aIn a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the impact of flexibility is no longer significant. The significant and negative association between transparency and the level and variation of inflation is confirmed when we check for robustness by controlling for disinflation stage, subsampling, instrumental variable estimation, and principal component analysis (PCA). 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/148 606 $aInflation targeting 606 $aMonetary policy 606 $aBanks and Banking$2imf 606 $aInflation$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMonetary Policy$2imf 606 $aCentral Banks and Their Policies$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aMacroeconomics$2imf 606 $aMonetary economics$2imf 606 $aBanking$2imf 606 $aPublic finance & taxation$2imf 606 $aInflation targeting$2imf 606 $aDisinflation$2imf 606 $aCentral bank autonomy$2imf 606 $aPrices$2imf 606 $aMonetary policy$2imf 606 $aCentral banks$2imf 606 $aInstitutional arrangements for revenue administration$2imf 606 $aRevenue administration$2imf 606 $aBanks and banking$2imf 606 $aRevenue$2imf 607 $aNew Zealand$2imf 615 0$aInflation targeting. 615 0$aMonetary policy. 615 7$aBanks and Banking 615 7$aInflation 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMonetary Policy 615 7$aCentral Banks and Their Policies 615 7$aPrice Level 615 7$aDeflation 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aMacroeconomics 615 7$aMonetary economics 615 7$aBanking 615 7$aPublic finance & taxation 615 7$aInflation targeting 615 7$aDisinflation 615 7$aCentral bank autonomy 615 7$aPrices 615 7$aMonetary policy 615 7$aCentral banks 615 7$aInstitutional arrangements for revenue administration 615 7$aRevenue administration 615 7$aBanks and banking 615 7$aRevenue 700 $aMiao$b Yanliang$01472656 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788331403321 996 $aIn Search of Successful Inflation Targeting$93685519 997 $aUNINA