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:
INVESTIGACIONMetadades
Títol
Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?Data de publicació
2018Editor
Public Library of ScienceISSN
1932-6203Cita bibliogràfica
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.0201798Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0201798Versió
info:eu-repo/semantics/publishedVersionResum
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. [-]
Publicat a
PLoS ONE 13(8): e0201798Proyecto de investigación
ECO2017-83255-C3-3-P ; ECO2017-85503-RDrets d'accés
info:eu-repo/semantics/openAccess
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