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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書目詳細資料
主要作者: Bems, Rudolfs
其他作者: Caselli, Francesca, Grigoli, Francesco, Gruss, Bertrand
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2019.
叢編:IMF Working Papers; Working Paper ; No. 2019/075
在線閱讀:Full text available on IMF