The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.
Inflation targeting in emerging economies: Panel evidence
Open accessAbstract
This paper shows there is no evidence that the inflation targeting regime (IT) improves economic performance as measured by the behavior of inflation and output growth in developing countries. The control of common time effects results in less negative and less significant IT impacts on inflation, inflation volatility and output growth volatility than previously found in the literature. Additionally, our analysis shows robust evidence of lower output growth during IT adoption. On balance, although lower long-run mean inflation signals that the central banks of emerging economies with inflation targeting are more inflation-averse, the costs of disinflation have not been lower than under other monetary regimes.
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Cites
Arellano, M., & Bond, S. (1991) · The Review of Economic Studies · doi:10.2307/2297968 · Cited by 33,272
Initial conditions and moment restrictions in dynamic panel data models
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Another look at the instrumental variable estimation of error-components models
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Large Sample Properties of Generalized Method of Moments Estimators
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How Much Should We Trust Differences-in-Differences Estimates?
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Biases in dynamic models with fixed effects
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A finite sample correction for the variance of linear efficient two-step GMM estimators
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Metadata
- Authors
- Brito, R. D., & Bystedt, B.
- Venue
- Journal of Development Economics
- Publisher
- Elsevier BV
- Published
- 2010-03
- Volume
- 91
- Issue
- 2
- Pages
- 198-210
- ISSN
- 0304-3878 (ISSN-L)
- OpenAlex
- W1995455747
- Cited by
- 272
- References
- 33
- FWCI
- 41.47
- Type
- journal article
- Language
- en
- Open access
- green
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