EconStor >
Goethe-Universität Frankfurt am Main >
Center for Financial Studies (CFS), Universität Frankfurt a. M.  >
CFS Working Paper Series, Universität Frankfurt a. M. >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/57370
  
Title:Inflation targeting and product market deregulation PDF Logo
Authors:Moretti, Laura
Issue Date:2012
Series/Report no.:CFS Working Paper 2012/01
Abstract:I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during the disinflationary process in the 1990s. Using a sample of 21 OECD countries, I show that, after controlling for product market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a New Keynesian Phillips curve with an explicit role for market deregulation to rationalize the empirical evidence.
Subjects:Inflation Targeting
Product Market Deregulation
Difference in Difference
JEL:E31
E58
E65
L51
Persistent Identifier of the first edition:urn:nbn:de:hebis:30:3-241164
Document Type:Working Paper
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

Files in This Item:
File Description SizeFormat
684642581.pdf971.43 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/57370

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.