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.

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Year of publication:	2009-07
Authors:	Flood, Robert P ; Rose, Andrew K
Institutions:	C.E.P.R. Discussion Papers
Subject:	bilateral \| data \| empirical \| GDP \| insulation \| regime

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 7377
Classification:	F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004973969