Coverart for item
The Resource Inflation targeting and the unemployment-inflation trade-off, Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong

Inflation targeting and the unemployment-inflation trade-off, Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong

Label
Inflation targeting and the unemployment-inflation trade-off
Title
Inflation targeting and the unemployment-inflation trade-off
Statement of responsibility
Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper examines the impact of the introduction of inflation targeting on the unemployment-inflation trade-off in OECD countries. Theoretical models suggest that the credibility-enhancing effects of the adoption of inflation targeting should cause an improvement in the unemployment-inflation trade-off, i.e., that reducing inflation by a given amount should occur with a smaller rise in unemployment. The empirical evidence examined for OECD countries adopting inflation targeting supports this hypothesis. Using a smooth transition regression model, it is shown that the improvement in this trade-off does not take place immediately after the adoption of inflation targeting; rather, it improves over time as the credibility of the central bank is established
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Clifton, Eric V
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.01/166 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Leon, H. L.
  • Wong, Chorng-Huey
  • IMF Institute
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/01/166
http://library.link/vocab/subjectName
  • Anti-inflationary policies
  • Inflation (Finance)
  • Unemployment
  • Anti-inflationary policies
  • Inflation (Finance)
  • Unemployment
  • OECD countries
Label
Inflation targeting and the unemployment-inflation trade-off, Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 39-42)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647035001
Dimensions
unknown
Extent
1 online resource (42 pages)
Form of item
online
Isbn
9781451903355
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451903355.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647035001
System details
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.
Label
Inflation targeting and the unemployment-inflation trade-off, Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 39-42)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
647035001
Dimensions
unknown
Extent
1 online resource (42 pages)
Form of item
online
Isbn
9781451903355
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451903355.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647035001
System details
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.

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