In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao |
Autore | Miao Yanliang |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 35 p. : ill |
Collana | IMF Working Papers |
Soggetto topico |
Inflation targeting
Monetary policy Banks and Banking Inflation Money and Monetary Policy Public Finance Monetary Policy, Central Banking, and the Supply of Money and Credit: General Monetary Policy Central Banks and Their Policies Price Level Deflation Banks Depository Institutions Micro Finance Institutions Mortgages Taxation, Subsidies, and Revenue: General Macroeconomics Monetary economics Banking Public finance & taxation Disinflation Central bank autonomy Prices Central banks Institutional arrangements for revenue administration Revenue administration Banks and banking Revenue |
ISBN |
1-4623-2247-6
1-4518-7295-X 1-282-84362-1 9786612843624 1-4519-9533-4 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910788331403321 |
Miao Yanliang
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao |
Autore | Miao Yanliang |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 35 p. : ill |
Disciplina | 338.102357 |
Collana | IMF Working Papers |
Soggetto topico |
Inflation targeting
Monetary policy Banks and Banking Inflation Money and Monetary Policy Public Finance Monetary Policy, Central Banking, and the Supply of Money and Credit: General Monetary Policy Central Banks and Their Policies Price Level Deflation Banks Depository Institutions Micro Finance Institutions Mortgages Taxation, Subsidies, and Revenue: General Macroeconomics Monetary economics Banking Public finance & taxation Disinflation Central bank autonomy Prices Central banks Institutional arrangements for revenue administration Revenue administration Banks and banking Revenue |
ISBN |
1-4623-2247-6
1-4518-7295-X 1-282-84362-1 9786612843624 1-4519-9533-4 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Intro -- Contents -- I. Introduction -- II. Literature Review and the Construction of an IT Index -- A. What Constitutes Inflation Targeting? -- B. A Framework for Constructing an IT Index -- III. Data and Econometric Analysis -- A. The Validity of the Subindices on Flexibility and Transparency -- B. Does IT Matter? Is There an Optimal Degree of Flexibility or Transparency? -- C. A Horse Race Between Different IT Components -- IV. Robutsness Checks -- A. Principal Component Analysis (PCA) -- B. Subsampling -- C. Endogeneity -- V. Avenues for Future Research and Reflections -- A. The Creditbility and Flexibility Trade-off -- B. Final Reflections -- VI. Appendices -- Tables -- 1. Flexibility of IT and Target Design -- 2. Formal Procedures for Target Breach and Escape Clauses -- 3. The Flexibility Index of Full-fledged ITers -- 4. The Transparency Index of Full-fledget ITers -- 5. Mean Inflation and Inflation Targeting Indices -- 6. Inflation Variation and Inflation Targeting Indices -- 7. Principal Components without Orthogonal Rotation -- 8. Principal Components and the Level and Variation of Inflation -- 9. Principal Components with Orthogonal Rotation -- 10. Correlations between the Rotated Factors and the Underlying Attributes -- 11. Rotated Principal Components and the Level and Variation of Inflation -- 12. Mean and Variation of Inflation: Subsampling -- 13. Mean and Variation of Inflation: Controlling for Disinflation -- 14. Instrument for Transparency and 2SLS Estimation -- Figures -- 1. Inflation and Tranparency for Selected ITers -- 2. Inflation and Flexibility for Selected ITers -- 3. Inflation Variation and Transparency for Selected ITers -- 4. Inflation Variation and Flexibility for Selected ITers -- 5. Scree Plot of Eigenvalues after PCA -- References. |
Record Nr. | UNINA-9910828972703321 |
Miao Yanliang
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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Inflation Targeting Under Imperfect Policy Credibility |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (32 p.) |
Collana | IMF Working Papers |
Soggetto topico |
Inflation (Finance)
Fiscal policy Inflation Money and Monetary Policy Economic Theory Production and Operations Management Price Level Deflation Monetary Policy Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Macroeconomics Monetary economics Economic theory & philosophy Inflation targeting Output gap Supply shocks Disinflation Monetary policy Production Economic theory Supply and demand |
ISBN |
1-4623-2348-0
1-4527-7227-4 1-282-84314-1 9786612843143 1-4518-7241-0 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
Record Nr. | UNINA-9910788715403321 |
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
|
Inflation Targeting Under Imperfect Policy Credibility |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (32 p.) |
Disciplina | 332.1 |
Collana | IMF Working Papers |
Soggetto topico |
Inflation (Finance)
Fiscal policy Inflation Money and Monetary Policy Economic Theory Production and Operations Management Price Level Deflation Monetary Policy Macroeconomics: Production Agriculture: Aggregate Supply and Demand Analysis Prices Macroeconomics Monetary economics Economic theory & philosophy Inflation targeting Output gap Supply shocks Disinflation Monetary policy Production Economic theory Supply and demand |
ISBN |
1-4623-2348-0
1-4527-7227-4 1-282-84314-1 9786612843143 1-4518-7241-0 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Contents; I. Introduction; II. The Model; A. Inflation Process with Endogenous Credibility; A.1 Inflation equation-an expectations-augmented Phillips curve; A.2 Output Gap equation; A.3 Exchange rate-real interest rate parity equation; A.4 Monetary policy loss function; A.5 Note on calibration; III. Optimal Disinflation; A. Initial Condition; B. Disinflation Under Various Degrees of Credibility; IV. Optimal Responses to Shocks; A. Initial Conditions; B. Supply Shocks; C. Demand Shocks; V. Costs of Delaying Interest Rate Increase Under Imperfect Credibility; VI. Concluding Remarks; References
Figures1. Disinflation with Equal Weights on Inflation, Output and Interest Rate Variability; 2. Disinflation with Lower Weights on Output and Interest Rate Variability; 3. Responses to Unfavorable and Favorable Supply Shocks (Positive Shock Circle; Negative Shock Triangle); 4. Responses to Positive and Negative Demand Shocks (Positive Shock Circle Negative Shock Triangle; 5. Cost of Delaying Interest Rate Hikes in Response to an Unfavorable Supply Shock in an Economy with High Inflation and Low Initial Credibility (No Delay Triangle; Delay Circle) |
Record Nr. | UNINA-9910824789103321 |
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník |
Autore | Bulir Ales |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica | 1 online resource (43 p.) |
Altri autori (Persone) | HurníkJaromír |
Collana | IMF Working Papers |
Soggetto topico |
Deflation (Finance) - European Union countries
Inflation (Finance) - European Union countries Foreign Exchange Inflation Macroeconomics Production and Operations Management Price Level Deflation Macroeconomics: Production Institutions and the Macroeconomy Currency Foreign exchange Disinflation Output gap Exchange rates Structural reforms Prices Production Economic theory |
ISBN |
1-4623-6695-3
1-4527-0877-0 1-283-51669-1 9786613829146 1-4519-0920-9 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. INFLATION IN THE EUROPEAN UNION""; ""III. HOW COSTLY CAN DISINFLATION BE AND WHY?""; ""IV. POLICY IMPLICATIONS""; ""V. CONCLUSIONS""; ""References"" |
Record Nr. | UNINA-9910788699803321 |
Bulir Ales
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||
Washington, D.C. : , : International Monetary Fund, , 2006 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
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The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník |
Autore | Bulir Ales |
Edizione | [1st ed.] |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2006 |
Descrizione fisica | 1 online resource (43 p.) |
Altri autori (Persone) | HurníkJaromír |
Collana | IMF Working Papers |
Soggetto topico |
Deflation (Finance) - European Union countries
Inflation (Finance) - European Union countries Foreign Exchange Inflation Macroeconomics Production and Operations Management Price Level Deflation Macroeconomics: Production Institutions and the Macroeconomy Currency Foreign exchange Disinflation Output gap Exchange rates Structural reforms Prices Production Economic theory |
ISBN |
1-4623-6695-3
1-4527-0877-0 1-283-51669-1 9786613829146 1-4519-0920-9 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | ""Contents""; ""I. INTRODUCTION""; ""II. INFLATION IN THE EUROPEAN UNION""; ""III. HOW COSTLY CAN DISINFLATION BE AND WHY?""; ""IV. POLICY IMPLICATIONS""; ""V. CONCLUSIONS""; ""References"" |
Record Nr. | UNINA-9910826088403321 |
Bulir Ales
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Washington, D.C. : , : International Monetary Fund, , 2006 | ||
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Lo trovi qui: Univ. Federico II | ||
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