Article ID Journal Published Year Pages File Type
5092560 Journal of Comparative Economics 2011 15 Pages PDF
Abstract
► This is the first study analyzing expectations in emerging economies by means of the Taylor rule. ► It provides evidence that countries having an inflation targeting regime stabilize expectations. ► Non-inflation targeting central banks cannot stabilize inflation expectations. ► We find that forecasters use the inflation target rate to forecast real and financial variables. ► We show that the monetary policy regime influences the expectation formation process.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
, , ,