Does Inflation Targeting Make a Difference

By Frederic S. Mishkin, K. Schmidt-Hebbel. 2007

532 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/8f9c4ddf5597801678cf2f63a6ecb3f80405c83d

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Citations in the corpus

Does Inflation Targeting Affect the Dispersion of Inflation Expectations (2010, background): “3Bernanke et al. (1999), Gonçalves and Salles (forthcoming), Gürkaynak et al. (2006), Johnson (2002), Levin et al. (2004), Mishkin and Schmidt-Hebbel (2007), and Vega and Winkelried (2005). in ation expectations would be larger in the non-IT country.”
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, unknown): “22,23 Mishkin and Schmidt-Hebbel (2007) find that economies that adopt inflation targeting—one form of increasing monetary independence—are found to reduce output volatility, and that the effect is bigger among emerging market economies.”
A Framework for Independent Monetary Policy in China (2006, background): “…market economies under alternative monetary frameworks generally finds support for inflation targeting in practice.5 An important finding of Mishkin and Schmidt-Hebbel (2005), for example, is that the benefits of inflation targeting are larger once a country has achieved sufficient…”
One-stop Source: A Global Database of Inflation (2021, unknown): “For discussions of other factors, see Mishkin (2000), Bernanke et al. (2001), Mishkin and Schmidt-Hebbel (2007), and Aizenmann, Chinn, and Ito (2008). amid civil wars and trade embargoes (Fischer, Sahay, and Végh 1996).”
Non-Linear Exchange Rate Pass-Through in Emerging Markets (2016, methodology): “Mishkin and Schmidt-Hebbel (2007), using data on 21 industrial and EM targeters and 13 industrial non-targeters, employ a panel vector autoregression (VAR) model to compare impulse response functions across different country groups, depending on whether a country has inflation targeting in place,…”
Inflation Targeting: What Have We Learned? (2009, unknown): “Inflation targeters had on average slightly lower real volatility than non-targeters before the adoption of inflation targeting. from a point (on average) of lower volatility, IT had a statistically and economically significant effect in further lowering real economic volatility.”
Inflation Targeting in Emerging Economies: Panel Evidence (2010, methodology): “…using the moments: ( )[ ] 0,, =+⋅∆ − tnnstnwE υη for == == ;endogenous is if,...,,3,1 ned,predetermi is if,...,,2,0 , , tn tn ZTts ZTts (5) 4 According to Mishkin and Schmidt-Hebbel (2007), on page 8, footnote 12, some determinants of an IT regime, like central bank independence, are not…”