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This paper examines the performance of inflation targeting (IT) focusing on East Asian emerging market economies, by estimating policy reaction functions for verifying the linkage between IT adoption and monetary policy, and also estimating impulse responses of prices to policy shock. Our...
Persistent link: https://www.econbiz.de/10015247621
The Bank of Japan adopted the Quantitative Easing (QE) Policy from March 2001 to March 2006. This paper investigates … Reserve Board (FRB) or the Bank of England (BOE) just after the collapse of Lehman Brothers. We extend vector autoregression … the same time fully exploiting prior information on the structural change of operating targets of monetary policy from …
Persistent link: https://www.econbiz.de/10009021929
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