Inflation targeting and business cycle synchronization
Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global business cycles, for two reasons. Indeed business cycles have not in fact become less synchronized across countries.
Year of publication: |
2010
|
---|---|
Authors: | Flood, Robert P. ; Rose, Andrew K. |
Published in: |
Journal of International Money and Finance. - Elsevier, ISSN 0261-5606. - Vol. 29.2010, 4, p. 704-727
|
Publisher: |
Elsevier |
Keywords: | GDP Bilateral Empirical Data Business cycle Synchronization Insulation Regime |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
International finance and financial crises : essays in honor of Robert P. Flood, jr.
Isard, Peter, (2000)
-
Uncovered Interest Parity in Crisis : The Interest Rate Defense in the 1990's
Rose, Andrew K., (2001)
-
Financial Integration : A New Methodology and An Illustration
Rose, Andrew K., (2004)
- More ...