skip to content
In Search of Successful Inflation Targeting. Preview this item
ClosePreview this item
Checking...

In Search of Successful Inflation Targeting.

Author: Yanliang Miao
Publisher: Washington : International Monetary Fund, 2009.
Series: IMF Working Papers.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Miao, Yanliang.
In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index.
Washington : International Monetary Fund, ©2009
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Yanliang Miao
ISBN: 9781451995336 1451995334
OCLC Number: 870244676
Description: 1 online resource (37 pages).
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 ReflectionsVI. 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; 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; 4. The Transparency Index of Full-fledget ITers; 5. Mean Inflation and Inflation Targeting Indices; 6. Inflation Variation and Inflation Targeting Indices. 5. Scree Plot of Eigenvalues after PCA7. 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; References.
Series Title: IMF Working Papers.

Abstract:

In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the impact of flexibility is no longer significant. The significant and negative association between transparency and the level and variation of inflation is confirmed when we check for robu.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/870244676> # In Search of Successful Inflation Targeting.
    a schema:MediaObject, schema:CreativeWork, schema:Book ;
   library:oclcnum "870244676" ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/423640304#Place/washington> ; # Washington
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
   schema:bookFormat schema:EBook ;
   schema:creator <http://experiment.worldcat.org/entity/work/data/423640304#Person/miao_yanliang> ; # Yanliang Miao
   schema:datePublished "2009" ;
   schema:description "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."@en ;
   schema:description "In a first attempt to treat inflation targeting (IT) as a continuous variable, we construct IT subindices for 21 full-fledged ITers on three dimensions: flexibility, transparency, and explicitness. Comparing flexibility and transparency we find that (1) the impact of flexibility on both the mean and variation of inflation is more quadratic than that of transparency; (2) after adding the transparency index, the impact of flexibility is no longer significant. The significant and negative association between transparency and the level and variation of inflation is confirmed when we check for robu."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/423640304> ;
   schema:genre "Electronic books"@en ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/423640304#Series/imf_working_papers> ; # IMF Working Papers.
   schema:isSimilarTo <http://worldcat.org/entity/work/data/423640304#CreativeWork/in_search_of_successful_inflation_targeting_evidence_from_an_inflation_targeting_index> ;
   schema:name "In Search of Successful Inflation Targeting."@en ;
   schema:productID "870244676" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/870244676#PublicationEvent/washington_international_monetary_fund_2009> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/423640304#Agent/international_monetary_fund> ; # International Monetary Fund
   schema:url <http://ebookcentral.proquest.com/lib/columbia/detail.action?docID=1605919> ;
   schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=1605919> ;
   schema:url <http://ebookcentral.proquest.com/lib/ucm/detail.action?docID=1605919> ;
   schema:workExample <http://worldcat.org/isbn/9781451995336> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/870244676> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/423640304#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
   schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/423640304#Person/miao_yanliang> # Yanliang Miao
    a schema:Person ;
   schema:familyName "Miao" ;
   schema:givenName "Yanliang" ;
   schema:name "Yanliang Miao" ;
    .

<http://experiment.worldcat.org/entity/work/data/423640304#Series/imf_working_papers> # IMF Working Papers.
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/870244676> ; # In Search of Successful Inflation Targeting.
   schema:name "IMF Working Papers." ;
   schema:name "IMF Working Papers" ;
    .

<http://worldcat.org/entity/work/data/423640304#CreativeWork/in_search_of_successful_inflation_targeting_evidence_from_an_inflation_targeting_index>
    a schema:CreativeWork ;
   rdfs:label "In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index." ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/870244676> ; # In Search of Successful Inflation Targeting.
    .

<http://worldcat.org/isbn/9781451995336>
    a schema:ProductModel ;
   schema:isbn "1451995334" ;
   schema:isbn "9781451995336" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.