Gains from Anchoring Inflation Expectations : Evidence from the Taper Tantrum Shock /

Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in the United States to study the reaction of 18 large emerging markets to an external s...

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Bibliografiske detaljer
Hovedforfatter: Bems, Rudolfs
Andre forfattere: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2019.
Serier:IMF Working Papers; Working Paper ; No. 2019/075
Online adgang:Full text available on IMF