Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/17948 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Economics Discussion Papers No. 2007-25
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
We compare the duration and performance of different monetary regimes, especially the contrast between countries those that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more successful than younger ones in achieving low inflation.
Schlagwörter: 
empirical
panel
exchange
rate
inflation
policy
data
success
target
filter
time
JEL: 
E58
E52
Creative-Commons-Lizenz: 
cc-by-nc Logo
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
300 kB





Publikationen in EconStor sind urheberrechtlich geschützt.