Is Old Money Better than New? Duration and Monetary Regimes

Artikel

We compare the duration and performance of different monetary regimes, especially the contrast between countries those that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more successful than younger ones in achieving low inflation.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Economics: The Open-Access, Open-Assessment E-Journal ; ISSN: 1864-6042 ; Volume: 2 ; Year: 2008 ; Issue: 2008-13 ; Pages: 1-24 ; Kiel: Kiel Institute for the World Economy (IfW)

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Monetary Policy ; Central Banks and Their Policies
• Thema: Empirical ; panel ; exchange ; rate ; inflation ; policy ; data ; success ; target ; filter ; time ; Fester Wechselkurs ; Inflation Targeting ; Wechselkurssystem ; Dauer ; Geldpolitik ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Rose, Andrew K. ; Mihov, Ilian
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2008

Weitere Informationen

• DOI: doi:10.5018/economics-ejournal.ja.2008-13
• Handle: http://hdl.handle.net/10419/18026
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ