Arbeitspapier
Factors leading to inflation targeting: The impact of adoption
This paper examines how the analysis of inflation targeting (IT) adoption is affected by allowing for a structural change after adoption, using panel probit models for 60 countries over the period 1985-2008. Our findings suggest that there is a structural change after IT adoption. Including the post-adoption period when estimating the factors of IT adoption leads to biased results when interested in the question as of what drives countries' decision to adopt IT.
- Sprache
-
Englisch
- Erschienen in
-
Series: KOF Working Papers ; No. 346
- Klassifikation
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
- Thema
-
inflation targeting
panel probit
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Samarina, Anna
Sturm, Jan-Egbert
- Ereignis
-
Veröffentlichung
- (wer)
-
ETH Zurich, KOF Swiss Economic Institute
- (wo)
-
Zurich
- (wann)
-
2013
- DOI
-
doi:10.3929/ethz-a-010019326
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Samarina, Anna
- Sturm, Jan-Egbert
- ETH Zurich, KOF Swiss Economic Institute
Entstanden
- 2013
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