The effect of inflation targeting on the behavior of expected inflation: evidence from an 11 country panel

By David Johnson. 2002

317 citations recorded by the source corpus.

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In Economics and Econometrics

Citations in the corpus

Explicit Inflation Objectives and Macroeconomic Outcomes (2004, background): “5 For results regarding the effects of explicit inflation objectives on short-term inflation expectations, see Johnson (2002, 2003) and Gavin (2003).”
Does Inflation Targeting Affect the Dispersion of Inflation Expectations (2010, methodology): “When we separate the e¤ects between developed and developing countries, we nd that our result seems to be driven by the latter and, in line with Johnson (2002), that there seems to be no e¤ect of IT on the dispersion of long-run expectations in developed countries.”
Inflation and Inflation Uncertainty in the United Kingdom: Evidence from GARCH modelling (2003, methodology): “additional decline in inflation uncertainty. Johnson (2002) finds that formal targets”
The Macroeconomic Effects of Inflation Targeting (2004, background): “4 For results regarding the effects of IT on short-term inflation expectations, see Johnson (2002, 2003) and Gavin”
Inflation Targeting and Inflation Behavior: A Successful Story? (2012, background): “Hence, the speed of adjustment seems to depend on the degree of flexibility.5 Too fast an adjustment is equivalent to a strict IT, likely in situations whereby the central bank needs to gain or strengthen credibility.”
Does inflation targeting really make a difference? Evaluating the treatment effect of inflation targeting in seven industrial countries (2007, background): “ Johnson (2002) examines the effect of inflation targeting on the behavior of expected inflation in a panel of 11 industrial countries.”
Inflation Targeting: What Have We Learned? (2009, methodology): “Johnson (2002) employed a panel approach to compare expected inflation among five inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) and six non-targeting countries (France, Germany, Italy, the Netherlands, Japan and the United States).”
Is Inflation Persistence Intrinsic in Industrial Economies? (2003, unknown): “5 See Bernanke et al. (1999), Johnson (2002), Mishkin and Schmidt-Hebbel (2002).”
Central Bank Communication and Policy Effectiveness (2005, unknown): “1999); short-run inflation expectations ( Johnson 2002, 2003 ); inflation, output and”
Central Bank Independence and Transparency: Evolution and Effectiveness (2008, unknown): “28 However, Johnson (2002), using similar data but a different methodology, finds that the introduction of IT delivers credibility benefits but does not improve transparency.”
THE INFLATION TARGETING DEBATE (2005, background): “…or inadequate 5For example, Bernanke et al.(1999) and Levin, Natalucci and Piger (2004) do not find that inflation targeting leads to an immediate fall in expected inflation, , but Johnson (2002, 2003) does find some evidence that expected inflation falls after announcement of inflation targets.”