Inflation targeting and inflation convergence: International evidence
dc.contributor.author | Arestis, P. | * |
dc.contributor.author | Chortareas, G. | * |
dc.contributor.author | Magkonis, Georgios | * |
dc.contributor.author | Moschos, D. | * |
dc.date.accessioned | 2015-04-27T16:26:02Z | |
dc.date.available | 2015-04-27T16:26:02Z | |
dc.date.issued | 2014-04 | |
dc.identifier.citation | Arestis P, Chortareas G, Magkonis G, and Moschos D (2014) Inflation targeting and inflation convergence: International evidence. Journal of International Financial Markets, Institutions and Money. 31: 285-295. | en_US |
dc.identifier.uri | http://hdl.handle.net/10454/7169 | |
dc.description | Yes | en_US |
dc.description.abstract | We examine whether the inflation rates of the countries that pursueinflation targeting policies have converged as opposed to the expe-rience of the OECD non-inflation targeters. Using a methodologyintroduced by Pesaran (2007a), we examine the stationarity prop-erties of the inflation differentials. This approach has the advantageof avoiding setting arbitrarily a specific country as the benchmarkeconomy. Our results indicate that the inflation rates converge irre-spective of the monetary policy framework. | en_US |
dc.language.iso | en | en_US |
dc.relation.isreferencedby | http://dx.doi.org/10.1016/j.intfin.2014.04.002 | en_US |
dc.rights | © 2014 Elsevier. Reproduced in accordance with the publisher's selfarchiving policy. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.subject | Inflation targets; Inflation targeting; Inflation convergence; Pair-wise approach; Unit roots | en_US |
dc.title | Inflation targeting and inflation convergence: International evidence | en_US |
dc.status.refereed | Yes | en_US |
dc.type | Article | en_US |
dc.type.version | Accepted Manuscript | en_US |
refterms.dateFOA | 2018-07-25T11:17:36Z |