scholarly journals Panel Evidence of Inflation Targeting Emerging Economies

2015 ◽  
Vol 11 (6) ◽  
pp. 629-641
Author(s):  
차혜경 ◽  
SUNG-IL CHO
Keyword(s):  
Emerging Economies ◽  
Inflation Targeting

scholarly journals Does inflation targeting matter for output growth? Evidence from industrial and emerging economies

2011 ◽  
Vol 33 (4) ◽  
pp. 537-551 ◽  
Author(s):  
André Varella Mollick ◽  
René Cabral ◽  
Francisco G. Carneiro
Keyword(s):  
Emerging Economies ◽  
Inflation Targeting ◽  
Output Growth

scholarly journals Food prices and inflation targeting in emerging economies

2016 ◽  
Vol 146 ◽  
pp. 108-140 ◽  
Author(s):  
Marc Pourroy ◽  
Benjamin Carton ◽  
Dramane Coulibaly
Keyword(s):  
Emerging Economies ◽  
Inflation Targeting ◽  
Food Prices

Inflation volatility, monetary policy signaling and clarity of the central bank communication

2019 ◽  
Vol 46 (2) ◽  
pp. 266-283 ◽  
Author(s):  
Rodolfo Nicolay ◽  
Ana Jordânia de Oliveira
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Emerging Economies ◽  
Inflation Targeting ◽  
Generalized Method Of Moments ◽  
Emerging Economy ◽  
Ordinary Least Squares ◽  
Content Type ◽  
Inflation Volatility ◽  
Central Bank Communication

PurposeStudies about the determinants of the clarity of central bank communication are still scarce. To the authors’ knowledge, there are no studies regarding emerging economies. The purpose of this paper is to contribute to the literature in the following aspects: to analyze the determinants of the clarity of the central bank communication in an inflation targeting emerging economy; observe the influence of inflation volatility over the clarity; and observe the effect of the monetary policy signaling over the clarity.Design/methodology/approachThe work uses readability indexes to measure the clarity of central bank communication. The empirical analysis uses ordinary least squares and the Generalized Method of Moments with one- and two-step estimations.FindingsThe findings suggest the inflation volatility reduces the clarity of central bank communication. Moreover, the monetary policy signaling also affects the clarity, but the effect depends on the direction of the signal.Practical implicationsThis paper observes the determinants of the clarity considering an emerging economy environment. The clarity of central bank communications is an important tool to access transparency. Hence, the analysis of what determines the clarity of central bank communication is a debate about the level of transparency accessed by the central bank.Originality/valueThere are no studies about the determinants of the clarity of central bank communication in emerging economies. Moreover, the novelty are the effects of inflation volatility and monetary policy signaling over the clarity.

scholarly journals Central Bank Credibility, Independence, and Monetary Policy

2018 ◽  
Vol 7 (3) ◽  
pp. 91-110 ◽  
Author(s):  
Abdelkader Aguir
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Emerging Economies ◽  
Inflation Targeting ◽  
Central Bank Independence ◽  
Inflation Target ◽  
Central Bank Credibility

Abstract The main motives behind the adoption of an inflation targeting regime largely relate to the notion of credibility, transparency of monetary policy and the autonomy of the central bank, which explicitly undertakes to achieve a certain inflation target. This paper examines the effects of inflation targeting in emerging economies in relation to the degree of independence of the central bank and the credibility of monetary policy. We find effects in emerging economies with little central bank independence, so our findings suggest that the central bank’s credibility, transparency and independence is a prerequisite for emerging economies to experience a decline in inflation following the adoption of inflation targeting.

Inflation targeting in emerging economies: What do the data say?

2008 ◽  
Vol 85 (1-2) ◽  
pp. 312-318 ◽  
Author(s):  
Carlos Eduardo S. Gonçalves ◽  
João M. Salles
Keyword(s):  
Emerging Economies ◽  
Inflation Targeting
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