Factors Leading to Inflation Targeting – The Impact of Adoption
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.
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- Jan-Egbert Sturm & Anna Samarina, 2013.
"Factors Leading to Inflation Targeting – The Impact of Adoption,"
KOF Working papers
13-346, KOF Swiss Economic Institute, ETH Zurich.
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- repec:dgr:rugsom:13013-eef is not listed on IDEAS
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