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How are inflation targets set?
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SYSNO ASEP 0364420 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title How are inflation targets set? Author(s) Horváth, R. (CZ)
Matějů, Jakub (NHU-C) RIDSource Title International Finance - ISSN 1367-0271
Roč. 14, č. 2 (2011), s. 265-300Number of pages 36 s. Language eng - English Country GB - United Kingdom Keywords central bank independence ; imperfect credibility ; macroeconomic policy Subject RIV AH - Economics R&D Projects SVV 263801/2011 GA MŠMT - Ministry of Education, Youth and Sports (MEYS) CEZ MSM0021620846 - NHU-C UT WOS 000294728600003 DOI 10.1111/j.1468-2362.2011.01283.x Annotation This paper contributes to a better understanding of how inflation targets are set. First, we gather evidence on how inflation targets are set from official central bank and government publications, and from a questionnaire of our own design. Second, we estimate what determines the level of the inflation target in 19 inflation-targeting countries by using unbalanced panel interval regressions to deal with the issue that targets are typically set as a range rather than a point. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2012
Number of the records: 1