Inflation targeting and the unemployment-inflation trade-off
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The work Inflation targeting and the unemployment-inflation trade-off represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
The Resource
Inflation targeting and the unemployment-inflation trade-off
Resource Information
The work Inflation targeting and the unemployment-inflation trade-off represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- Inflation targeting and the unemployment-inflation trade-off
- Statement of responsibility
- Eric V. Clifton, Hyginus Leon, and Chorng-Huey Wong
- Subject
-
- Anti-inflationary policies -- OECD countries -- Econometric models
- Electronic books
- Inflation (Finance) -- Econometric models
- Inflation (Finance) -- OECD countries -- Econometric models
- OECD countries
- Unemployment -- Effect of inflation on -- OECD countries -- Econometric models
- Unemployment -- Effect of inflation on | Econometric models
- Anti-inflationary policies -- Econometric models
- 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
- Action
- digitized
- Cataloging source
- OCLCE
- 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
- Series statement
- IMF Working Paper
- Series volume
- WP/01/166
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/resource/dYsWMj4XoAw/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/resource/dYsWMj4XoAw/">Inflation targeting and the unemployment-inflation trade-off</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
