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dc.contributor.authorBarbosa, Rodrigo dos Santos
dc.contributor.authorBrito, Ricardo D.
dc.contributor.authorTeles, Vladimir Kühl
dc.date.accessioned2018-10-25T13:09:21Z
dc.date.available2018-10-25T13:09:21Z
dc.date.issued2018-10
dc.identifier.siciTD 491
dc.identifier.urihttp://hdl.handle.net/10438/24925
dc.description.abstractWe investigate the effects of inflation targeting (IT) adoption on industrial economies by comparing each inflation targeter country (ITer) with its synthetic control, defined as the convex combination of non-IT countries that best reproduce the ITer counterfactual inflation trajectory. We show that most of the ITers enjoyed lower inflation and higher output growth than their synthetics in most of the 1990 years’ IT experience. Although those gains could be transitory, they were economically important to justify IT Central Banks optimism with their regime choice, both case-by-case and on average.eng
dc.language.isoeng
dc.relation.ispartofseriesFGV EESP - Textos para Discussão; TD 491
dc.subjectInflation targetingeng
dc.subjectInflation-output growth short-run tradeoffeng
dc.subjectSynthetic controleng
dc.subjectCase studyeng
dc.titleWhere did inflation targeting matter?eng
dc.typeWorking Papereng
dc.subject.areaEconomiapor
dc.contributor.unidadefgvEscolas::EESPpor
dc.subject.bibliodataInflaçãopor
dc.subject.bibliodataPolítica monetáriapor
dc.rights.accessRightsopenAccesseng


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