Inflation targeting and the crisis : an empirical assessment /

Inflation targeting and the crisis : an empirical assessment /

Saved in:

Bibliographic Details
Author / Creator:	Carvalho Filho, Irineu E. (Irineu Evangelista), 1971- author.
Imprint:	Washington, D.C. : International Monetary Fund, ©2010.
Description:	1 online resource (22 pages) : color illustrations.
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/10/45 IMF working paper ; WP/10/45.
Subject:	Inflation (Finance) -- Econometric models. Global Financial Crisis, 2008-2009. Financial crises -- Econometric models. Monetary policy -- Econometric models. Financial crises -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12498403

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

Description
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.
Physical Description:	1 online resource (22 pages) : color illustrations.
Format:	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.
Bibliography:	Includes bibliographical references (pages 17-18).
ISBN:	1283557274 9781283557276 9781452797472 1452797471 1451918909 9781451918908 9781451963045 1451963041
ISSN:	2227-8885 2227-8885 ;