Beja, Edsel Jr. (2007): Win or Lose, it’s the policy we choose: Comparative economic performance of the inflation targeters.
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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, it’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|
|Depositing User:||Edsel Beja, Jr.|
|Date Deposited:||12. Sep 2007|
|Last Modified:||12. Feb 2013 22:40|
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