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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Détails bibliographiques
Auteur principal: Bems, Rudolfs
Autres auteurs: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2019.
Collection:IMF Working Papers; Working Paper ; No. 2019/075
Accès en ligne:Full text available on IMF