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In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao
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  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
In Search of Successful Inflation Targeting : : Evidence From An Inflation Targeting Index / / Yanliang Miao
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  
Washington, D.C. : , : International Monetary Fund, , 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Inflation Targeting Under Imperfect Policy Credibility
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
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Inflation Targeting Under Imperfect Policy Credibility
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
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník
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  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The Maastricht Inflation Criterion : : How Unpleasant Is Purgatory? / / Ales Bulir, Jaromír Hurník
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  
Washington, D.C. : , : International Monetary Fund, , 2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui