Mallik, Girijasankar; Bhar, Ramprasad - In: Journal of Economic Studies 38 (2011) November, pp. 620-636
rates for five inflation-targeting countries, i.e. Canada, Finland, Spain, Sweden, and the UK. Decomposing inflation … inflation-targeting countries. Design/methodology/approach – The approach takes the form of a time-varying parameter model with … been found that the long-run effects of inflation on interest rates are less than unity for the post-inflation targeting …