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...

Полное описание

Библиографические подробности
Главный автор: Bems, Rudolfs
Другие авторы: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2019.
Серии:IMF Working Papers; Working Paper ; No. 2019/075
Online-ссылка:Full text available on IMF