Advanced Search
MyIDEAS: Login to save this article or follow this journal

A experiência internacional de regimes de metas de inflação: uma análise com painel dinâmico [International experience in inflation targeting regimes: an analysis with a dynamic panel]

Contents:

Author Info

  • Marcos Rocha

    (UFPR)

  • José Luís Oreiro

    (UFPR)

Abstract

This paper uses a growth model with dynamic panel techniques in order to investigate how (and if) the institutional architecture of inflation targeting regimes affects the growth performance of the countries that adopt this kind of monetary policy. The sample used to build the panel consists of 23 countries that officially adopted the inflation targeting regime. The Arellano and Bond (1991) methodology is used to estimate the parameters of the dynamic growth model. The results support the view that the adoption of headline inflation indices, since it is a index of strong credibility; the definition of a convergence horizon for target inflation larger than a year; and the capability of central banks to achieve the target inflation have positive and important effects over growth performance of selected countries.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.scielo.br/scielo.php?script=sci_pdf&pid=S0103-63512008000200004&lng=pt&nrm=iso&tlng=pt
Download Restriction: no

File URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-63512008000200004&lng=pt&nrm=iso&tlng=pt
Download Restriction: no

Bibliographic Info

Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.

Volume (Year): 18 (2008)
Issue (Month): 2 (May-August)
Pages: 267-291

as in new window
Handle: RePEc:nov:artigo:v:18:y:2008:i:2:p:267-291

Contact details of provider:
Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
Phone: +55 31 3409-7000
Email:
Web page: http://www.face.ufmg.br/
More information through EDIRC

Order Information:
Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
Email:
Web: http://www.face.ufmg.br/novaeconomia/

Related research

Keywords: dynamic panels; inflation targeting; monetary policies;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:18:y:2008:i:2:p:267-291. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sibelle Diniz).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.