| bibtype |
J -
Journal Article
|
| ARLID |
0449816 |
| utime |
20240103211106.3 |
| mtime |
20151208235959.9 |
| SCOPUS |
84910092729 |
| WOS |
000347741600014 |
| DOI |
10.1016/j.econmod.2014.10.028 |
| title
(primary) (eng) |
Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries |
| specification |
| page_count |
15 s. |
| media_type |
P |
|
| serial |
| ARLID |
cav_un_epca*0250391 |
| ISSN |
0264-9993 |
| title
|
Economic Modelling |
| volume_id |
44 |
| volume |
1 (2015) |
| page_num |
116-130 |
| publisher |
|
|
| keyword |
Bayesian model averaging |
| keyword |
Central European countries |
| keyword |
Inflation Dynamics |
| author
(primary) |
| ARLID |
cav_un_auth*0231592 |
| full_dept (cz) |
Ekonometrie |
| full_dept (eng) |
Department of Econometrics |
| department (cz) |
E |
| department (eng) |
E |
| full_dept |
Department of Econometrics |
| name1 |
Baxa |
| name2 |
Jaromír |
| institution |
UTIA-B |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| author
|
| ARLID |
cav_un_auth*0293551 |
| name1 |
Plašil |
| name2 |
M. |
| country |
CZ |
|
| author
|
| ARLID |
cav_un_auth*0257114 |
| name1 |
Vašíček |
| name2 |
B. |
| country |
CZ |
|
| source |
|
| cas_special |
| project |
| ARLID |
cav_un_auth*0281000 |
| project_id |
GBP402/12/G097 |
| agency |
GA ČR |
| country |
CZ |
|
| abstract
(eng) |
Many countries have implemented inflation targeting in recent decades. At the same time, the international conditions have been favorable, so it is hard to assess to what extent the success in stabilizing inflation should be attributed to good luck and to what extent to the specific policy framework. In this paper, we provide a novel look at the dynamics of inflation under inflation targeting, focusing on three Central European (CE) countries that adopted the IT regime at similar times and in similar environments. We use the framework of the open economy New Keynesian Phillips curve (NKPC) with time-varying parameters and stochastic volatility to recover changes in price-setting and expectation formation behavior and volatility of shocks. We employ Bayesian model averaging to tackle the uncertainty in the selection of instrumental variables and to account for the possible country-specific nature of inflation dynamics. |
| RIV |
AH |
| reportyear |
2016 |
| num_of_auth |
3 |
| inst_support |
RVO:67985556 |
| permalink |
http://hdl.handle.net/11104/0253179 |
| confidential |
S |
| mrcbC83 |
RIV/67985556:_____/15:00449816!RIV16-AV0-67985556 191684614 nejednotny pocet stran UTIA-B |
| mrcbC83 |
RIV/67985556:_____/15:00449816!RIV16-GA0-67985556 191719702 nejednotny pocet stran UTIA-B |
| mrcbT16-e |
ECONOMICS |
| mrcbT16-j |
0.324 |
| mrcbT16-s |
0.811 |
| mrcbT16-4 |
Q2 |
| mrcbT16-B |
23.951 |
| mrcbT16-C |
56.957 |
| mrcbT16-D |
Q4 |
| mrcbT16-E |
Q2 |
| arlyear |
2015 |
| mrcbU14 |
84910092729 SCOPUS |
| mrcbU34 |
000347741600014 WOS |
| mrcbU63 |
cav_un_epca*0250391 Economic Modelling 0264-9993 1873-6122 Roč. 44 č. 1 2015 116 130 Elsevier |
|