Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?Fecha de publicación
2018Editor
Public Library of ScienceISSN
1932-6203Cita bibliográfica
Abu Asab N, Cuestas JC, Montagnoli A (2018) Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies? PLoS ONE 13(8): e0201798. https://doi.org/ 10.1371/journal.pone.0201798Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0201798Versión
info:eu-repo/semantics/publishedVersionResumen
The paper investigates and compares the relationship between inflation and inflation uncertainty
under inflation targeting and, alternatively, a conventional fixed exchange rate system,
for a group of emerging ... [+]
The paper investigates and compares the relationship between inflation and inflation uncertainty
under inflation targeting and, alternatively, a conventional fixed exchange rate system,
for a group of emerging countries. To do so we estimate GARCH in mean models and we
find that there is a bi-directional relationship between inflation and inflation uncertainty under
the two monetary regimes. It is also found that the fixed exchange rate regime has no impact
on average inflation and inflation inertia, while inflation targeting has been successful at lowering
both average inflation and inflation persistence. [-]
Publicado en
PLoS ONE 13(8): e0201798Proyecto de investigación
ECO2017-83255-C3-3-P ; ECO2017-85503-RDerechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- IEI_Articles [116]
- ECO_Articles [697]
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