政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/82660

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113656/144643 (79%)
Visitors : 51718571 Online Users : 604

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/82660

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/82660

Title:	Do Quantitative Monetary Targets Matter?
Authors:	林馨怡 Lin, Hsin-Yi
Contributors:	經濟系
Keywords:	Endogeneity;Quantile regression;Panel data;Exchange rate target;Inflation target;Money growth target
Date:	2015-12
Issue Date:	2016-03-16 15:28:25 (UTC+8)
Abstract:	This paper evaluates the effects of monetary policy directed at inflation across different levels using panel data quantile regression and instrumental variable quantile regression methods. We identify a heterogeneous and nonlinear relationship between an explicit quantitative goal for monetary policy and inflation after controlling for the problem of possible endogeneity. We also find that both having and successfully hitting quantitative targets is more effective for monetary policy in lowering inflation in high-inflation episodes than in low-inflation episodes. When countries suffer from severe inflation problems, the adoption of quantitative goals for monetary policies can thus deliver important economic gains. Conversely, the adoption of quantitative goals may not result in a lowering of inflation when countries are more economically sound.
Relation:	International Review of Economics and Finance,
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1016/j.iref.2016.01.005
DOI:	10.1016/j.iref.2016.01.005
Appears in Collections:	[經濟學系] 期刊論文

Files in This Item:

File	Description	Size	Format
071.pdf		617Kb	Adobe PDF2	727	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...