Inflation targeting and business cycle synchronization

被引:36
|
作者
Flood, Robert P. [2 ]
Rose, Andrew K. [1 ]
机构
[1] Univ Calif Berkeley, Haas Sch Business, Berkeley, CA 94720 USA
[2] Univ Notre Dame, Notre Dame, IN 46556 USA
关键词
GDP; Bilateral; Empirical; Data; Business cycle; Synchronization; Insulation; Regime;
D O I
10.1016/j.jimonfin.2010.01.004
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global business cycles, for two reasons. Indeed business cycles have not in fact become less synchronized across countries. (c) 2010 Published by Elsevier Ltd.
引用
收藏
页码:704 / 727
页数:24
相关论文
共 50 条
  • [1] Business cycle synchronization: is it affected by inflation targeting credibility?
    Delgado, Carlos
    Araya, Ivan
    Pino, Gabriel
    [J]. SERIES-JOURNAL OF THE SPANISH ECONOMIC ASSOCIATION, 2020, 11 (02): : 157 - 177
  • [2] Business cycle synchronization: is it affected by inflation targeting credibility?
    Carlos Delgado
    Iván Araya
    Gabriel Pino
    [J]. SERIEs, 2020, 11 : 157 - 177
  • [3] Government size, inflation targeting and business cycle volatility
    Stojanovikj, Martin
    [J]. ECONOMIC ANALYSIS AND POLICY, 2022, 74 : 1 - 12
  • [4] Inflation cycle synchronization in ASEAN countries
    Kang, Sang Hoon
    Lahmiri, Salim
    Uddin, Gazi Salah
    Hernandez, Jose Arreola
    Yoon, Seong-Min
    [J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2020, 545
  • [5] ASIAN BUSINESS CYCLE SYNCHRONIZATION
    He, Dong
    Liao, Wei
    [J]. PACIFIC ECONOMIC REVIEW, 2012, 17 (01) : 106 - 135
  • [6] Business Cycle Synchronization in Croatia
    Sergo, Zdravko
    Poropat, Amorino
    Grzinic, Jasmina
    [J]. SOUTH EAST EUROPEAN JOURNAL OF ECONOMICS AND BUSINESS, 2012, 7 (01) : 29 - 41
  • [7] Gender discrimination, inflation, and the business cycle
    Neyer, Ulrike
    Stempel, Daniel
    [J]. JOURNAL OF MACROECONOMICS, 2021, 70
  • [8] Impact of sub-national synchronization on the behavior of national business cycles in emerging economies with inflation targeting
    Padilla, Alcides J.
    Otero, Jorge David Quintero
    [J]. JOURNAL OF ECONOMIC STUDIES, 2024,
  • [9] Dynamics of Business Cycle Synchronization in Turkey
    Duran, Hasan Engin
    [J]. PANOECONOMICUS, 2015, 62 (05) : 581 - 606
  • [10] BUSINESS CYCLE SYNCHRONIZATION SINCE 1880
    Artis, Michael
    Chouliarakis, George
    Harischandra, P. K. G.
    [J]. MANCHESTER SCHOOL, 2011, 79 (02): : 173 - 207