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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18026| Title: | Is Old Money Better than New? Duration and Monetary Regimes |
| Keywords: | E52 E58 ddc:330 Empirical panel exchange rate inflation policy data success target filter time Fester Wechselkurs Inflation Targeting Wechselkurssystem Dauer Geldpolitik Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | We compare the duration and performance of different monetary regimes, especially the contrast between countries those that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more successful than younger ones in achieving low inflation. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18026 |
| Other Identifiers: | Economics: The Open-Access, Open-Assessment E-Journal 2 2008-13 1-24 doi:10.5018/economics-ejournal.ja.2008-13 doi:10.5018/economics-ejournal.ja.2008-13 http://hdl.handle.net/10419/18026 ppn:564558826 http://www.economics-ejournal.org/economics/journalarticles/2008-13 RePEc:zbw:ifweej:7262 |
| Appears in Collections: | EconStor |
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