Inflation targeting and the crisis : an empirical assessment /
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| 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: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498403 |
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| 100 | 1 | |a Carvalho Filho, Irineu E. |q (Irineu Evangelista), |d 1971- |e author. | |
| 245 | 1 | 0 | |a Inflation targeting and the crisis : |b an empirical assessment / |c prepared by Irineu E. Carvalho Filho. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2010. | ||
| 300 | |a 1 online resource (22 pages) : |b color illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/10/45 | |
| 504 | |a Includes bibliographical references (pages 17-18). | ||
| 520 | 3 | |a 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. | |
| 588 | 0 | |a Print version record. | |
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [S.l.] : |c HathiTrust Digital Library, |d 2011. |5 MiAaHDL | ||
| 538 | |a 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. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2011 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Methodology; III. Results; (b) Difference in the Time Effects of Policy Rates for IT and Non-IT Countries; 1. (a) Median Policy Rate for IT and Non -IT Countries; (b) Difference in the Time Effects of Real Policy Rates for IT and Non-IT Countries; 2. (a) Median Real Policy Rates for IT and Non-IT Countries; (b)Probability of 3 Month Deflation; 3. (a) Median Monthly Annualized Inflation for IT and Non-IT Countries; (b) Changes in Log REER for IT and Non -IT Countries, Emerging Market Countries. | |
| 505 | 8 | |a 4. (a) Changes in Log REER for IT and Non -IT Countries, Full Sample(b) Difference Between Time Effects of IT and Non-IT Countries; 5. (a) Median EMBI Spread for IT and Non -IT Countries; (b) Difference in the Time Effects of CDS premia for IT and Non-IT Countries; 6. (a) Median 5-Year CDS Spreads for IT and Non -IT Countries; 7. (a) Median Unemployment Rates for IT and Non -IT Countries; (b) Difference in the Time Effects of Unemployment for IT and Non-IT Countries; 8. (a) Median Growth in Industrial Production since Jan-06, for IT and Non-IT Countries. | |
| 505 | 8 | |a (B) Difference in Time Effects of Industrial Production for IT and Non-IT Countries(b) Difference in Time Effects of GDP Growth Rate for IT and Non-IT Countries; 9. (a) Median GDP Growth Rate since 2001Q1 for IT and Non-IT Countries; IV. Robustness and Other Considerations; A. Dealing with time aggregation; 1. OLS Regressions with Time and Country Effects; B. Omitted variables; 2. OLS Regressions for Cross-Section of Countries; V. Conclusion; References; Footnotes. | |
| 650 | 0 | |a Inflation (Finance) |x Econometric models. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. |0 http://id.loc.gov/authorities/subjects/sh2009003683 | |
| 650 | 0 | |a Financial crises |x Econometric models. | |
| 650 | 0 | |a Monetary policy |x Econometric models. | |
| 650 | 6 | |a Inflation |x Modèles économétriques. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009. | |
| 650 | 6 | |a Politique monétaire |x Modèles économétriques. | |
| 650 | 7 | |a Financial crises |x Econometric models. |2 fast |0 (OCoLC)fst00924608 | |
| 650 | 7 | |a Inflation (Finance) |x Econometric models. |2 fast |0 (OCoLC)fst00972453 | |
| 650 | 7 | |a Monetary policy |x Econometric models. |2 fast |0 (OCoLC)fst01025234 | |
| 647 | 7 | |a Global Financial Crisis |d (2008-2009) |2 fast |0 (OCoLC)fst01755654 | |
| 648 | 7 | |a 2008-2009 |2 fast | |
| 655 | 4 | |a Electronic books. | |
| 710 | 2 | |a International Monetary Fund. |b Research Department, |e issuing body. | |
| 776 | 0 | 8 | |i Print version: |a Carvalho Filho, Irineu E. (Irineu Evangelista), 1971- |t Inflation targeting and the crisis. |d [Washington, D.C.] : International Monetary Fund, ©2010 |w (OCoLC)607261579 |
| 830 | 0 | |a IMF working paper ; |v WP/10/45. | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2010/045/001.2010.issue-045-en.xml |y INTERNATIONAL MONETARY FUND |
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