Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102965
Authors: 
Samarina, Anna
Sturm, Jan-Egbert
Year of Publication: 
2013
Series/Report no.: 
KOF Working Papers, KOF Swiss Economic Institute, ETH Zurich 346
Abstract: 
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.
Subjects: 
inflation targeting
panel probit
JEL: 
E42
E52
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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