Beja, Edsel Jr. (2007): Win or Lose, tt’s the policy we choose: Comparative economic performance of the inflation targeters. Published in: Loyola Schools Review , Vol. 7, (2008): pp. 243-263.
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The inflation-growth relationship for the inflation targeters is estimated for the period 2001-2006. The results show that inflation is negatively correlated with economic growth, while the indicators for aggregate demand and aggregate supply are positively correlated with economic growth. The findings suggest that a combination of economic policies is more fruitful than a singular focus on inflation targeting. This conclusion is applicable to the case of the Philippines, where inflation is often driven by aggregate supply-linked factors rather than demand-linked factors.
|Item Type:||MPRA Paper|
|Institution:||Ateneo de Manila University|
|Original Title:||Win or Lose, tt’s the policy we choose: Comparative economic performance of the inflation targeters|
|Keywords:||Inflation targeting; inflation-growth tradeoff|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E30 - General
E - Macroeconomics and Monetary Economics > E0 - General > E00 - General
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles
|Depositing User:||Edsel Beja, Jr.|
|Date Deposited:||16. Jan 2009 06:52|
|Last Modified:||18. Feb 2013 06:31|
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Win or Lose, it’s the policy we choose: Comparative economic performance of the inflation targeters. (deposited 12. Sep 2007)
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