Testing the Transparency Benefits of Inflation Targeting : Evidence from Private Sector Forecasts /
I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparency. This effect is robust to dropping observations, is strengthened by using instrument...
| Autor principal: | |
|---|---|
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2006.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2006/289 |
| Acceso en línea: | Full text available on IMF |