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:
INVESTIGACIONMetadata
Title
Inflation targeting or exchange rate targeting: Which framework supports the goal of price stability in emerging market economies?Date
2018Publisher
Public Library of ScienceISSN
1932-6203Bibliographic citation
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.0201798Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/publishedVersionAbstract
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. [-]
Is part of
PLoS ONE 13(8): e0201798Investigation project
ECO2017-83255-C3-3-P ; ECO2017-85503-RRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- IEI_Articles [116]
- ECO_Articles [696]
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