Monetary-regime switch from exchange-rate to inflation targeting: - with reference to developing economies - - Image 1

£71.00

LAP Lambert Academic Publishing Monetary-regime switch from exchange-rate to inflation targeting: - with reference to developing economies -

Name: Monetary-regime switch from exchange-rate to inflation targeting: - with reference to developing economies -
Brand: LAP Lambert Academic Publishing
Price: 71.0 GBP
Availability: InStock

Subjects

Price data last checked 61 day(s) ago - refreshing...

View at Amazon

Price History & Forecast

Last 30 days • 30 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 30 days • 1 price levels

Days at Price

Price Analysis

Most common price: £71 (30 days, 100.0%)

Price range: £71 - £71

Price levels: 1 different prices over 30 days

Description

Product Description The study investigates whether a switch from exchange-rate targeting to inflation targeting will facilitate a more appropriate monetary policy and a more stable macroeconomic environment in developing economies. The research finds that the exchange-rate regime is not significant in explaining growth. The empirical evidence on its effect on output volatility suggests that a terms-of-trade shock larger than seven percentage points under a fixed exchange-rate regime will give higher output volatility compared to a float. Given these findings, the study suggests the exchange rate be made flexible and that the direct targeting of inflation is a rational choice in the aftermath of peg exit. To investigate whether monetary-policy responses change under such a regime switching, allowing for the possibility of an endogenous switch, the study estimates augmented Taylor rule with two approaches: a panel switching regression; and a Markov-switching VAR. Results from both suggest that inflation targeting represented a real switch in developing economies. About the Author Marjan Petreski specializes in research and teaching in applied macroeconomics. He is affiliated with the University American College Skopje. Marjan earned his PhD in Economics from Staffordshire University in 2011. He has been awarded the Young Scientist 2009 by the Macedonian Academy of Sciences and the Olga Radzyner Award 2010 by the ÖENB.

Product Specifications

Brand: LAP Lambert Academic Publishing
Format: Paperback
ASIN: 3845401540
Category: Books > Subjects
Domain: Amazon UK
Release Date: 30 June 2011
Listed Since: 01 July 2011

Barcode

No barcode data available

LAP Lambert Academic Publishing Monetary-regime switch from exchange-rate to inflation targeting: - with reference to developing economies -

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Monetary and Exchange Rate Policy in Macedonia: Accession to the European Union

Monetary Policy in Emerging Markets And Other Developing Countries

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

Inflation Targeting and Policy Rules: The Case of Mexico, 2001-2012

A Monetary Debate on Fixed vs. Flexible Exchange Rates: History and Perspective (Economics)

Open Economy Macroeconomics in Developing Countries (The MIT Press)

Monetary Policy and Issues: New Research

Monetary Theory and Policy Experience (International Economic Association Series)

Inflation Targeting: Lessons From The International Experience

Progress in Economics Research: Volume 39

Inflation Targeting and Central Banks: Institutional Set-ups and Monetary Policy Effectiveness (Banking, Money and International Finance)

Macroeconomic Modelling And Monetary And Exchange Rate Regimes

Monetary Policy in Low-Inflation Economies

Economic Growth and Development Policy

Economic Growth and Development Policy

Theoretical Approaches to Economic Growth and Development: An Interdisciplinary Perspective

Developing Countries In The World Economy: 42 (World Scientific Studies in International Economics)

Modern Exchange-rate Regimes, Stabilisation Programmes and Co-ordination of Macroeconomic Policies: Recent Experiences of Selected Developing Latin American Economies (Routledge Revivals)

Labour Market and Fiscal Policy Adjustments to Shocks: The Role and Implications for Price and Financial Stability in South Africa

Beyond Barter: Lectures in Monetary Economics After 'Rethinking'

Wechselkursschwankungen, Außenhandel und Arbeitsmärkte: Neue theoretische und empirische Analysen im Lichte der Europäischen Währungsunion: 183 (Wirtschaftswissenschaftliche Beiträge, 183)

Developmental Macroeconomics: New Developmentalism as a Growth Strategy (Routledge Studies in Development Economics)

Advances in Monetary Policy and Macroeconomics

Inflation and Monetary Policy Rules: Evidence from Indonesia