Inflation Targeting in Developing Countries
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Sohn, Wook | - |
dc.contributor.author | Gathogo, Anthony G | - |
dc.date.available | 2018-12-27T05:28:21Z | - |
dc.date.created | 2018-01-22 | - |
dc.date.issued | 2015-06 | - |
dc.identifier.issn | 1468-1838 | - |
dc.identifier.uri | https://archives.kdischool.ac.kr/11125/29832 | - |
dc.description.abstract | This paper analyzes economic and institutional factors that affect the likelihood of adopting an inflation-targeting monetary policy regime in emerging markets and developing countries. We use a logit model for a sample that comprises both inflation-targeting and non-targeting countries for the period of 1990–2009. The results show that countries experiencing improved macroeconomic performance and stronger institutional stability have a high chance of switching to the inflation-targeting framework. In particular, central bank independence, as measured by governor turnover rate and legal independence, positively affects the decision to change regimes. | - |
dc.language | English | - |
dc.publisher | World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom | - |
dc.title | Inflation Targeting in Developing Countries | - |
dc.type | Article | - |
dc.identifier.bibliographicCitation | World Economics, v.16, no.2, pp.57 - 80 | - |
dc.description.journalClass | 1 | - |
dc.description.isOpenAccess | N | - |
dc.citation.endPage | 80 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 57 | - |
dc.citation.title | World Economics | - |
dc.citation.volume | 16 | - |
dc.contributor.affiliatedAuthor | Sohn, Wook | - |
dc.identifier.url | https://www.world-economics-journal.com/Journal/Papers/Inflation%20Targeting%20in%20Developing%20Countries.details?ID=611 | - |
dc.type.docType | null | - |
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