Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department, issuing body.
|
|---|
| ISBN: | 1283557274
9781283557276
9781452797472
1452797471
1451918909
9781451918908
9781451963045
1451963041
|
|---|
| ISSN: | 2227-8885
|
|---|
| Notes: | Includes bibliographical references (pages 17-18).
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2011.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2011 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. We find that since August 2008, IT countries lowered nominal policy rates by more and this loosening translated into an even larger differential in real interest rates relative to other countries; were less likely to face deflation scares; and saw sharp real depreciations not associated with a greater perception of risk by markets. We also find some weak evidence that IT countries did better on unemployment rates and advanced IT countries have had relatively stronger industrial production performance. Finally, we find that advanced IT countries had higher GDP growth rates than their non-IT peers, but find no such difference for emerging countries or the full sample.
|
|---|
| Other form: | Print version: Carvalho Filho, Irineu E. (Irineu Evangelista), 1971- Inflation targeting and the crisis. [Washington, D.C.] : International Monetary Fund, ©2010
|
|---|
| Standard no.: | 10.5089/9781451918908.001
|
|---|
