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.

Language
Englisch

Bibliographic citation
Series: KOF Working Papers ; No. 346

Classification
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
Subject
inflation targeting
panel probit

Event
Geistige Schöpfung
(who)
Samarina, Anna
Sturm, Jan-Egbert
Event
Veröffentlichung
(who)
ETH Zurich, KOF Swiss Economic Institute
(where)
Zurich
(when)
2013

DOI
doi:10.3929/ethz-a-010019326
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Samarina, Anna
  • Sturm, Jan-Egbert
  • ETH Zurich, KOF Swiss Economic Institute

Time of origin

  • 2013

Other Objects (12)