The price stability under inflation targeting regime: An analysis with a new intermediate approach

Ftiti, Zied; Hichri, Walid

doi:10.1016/j.econmod.2013.11.033

Cited by 13 publications

(7 citation statements)

References 39 publications

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“…To analyze the robustness of our main results, we perform a sensitivity analysis, controlling for additional effects. First, countries adopt inflation targeting as a way to increase their level of commitment and credibility to pursue a low inflation (Armand, 2017;Ftiti and Hichri, 2014;Ye, 2012, 2009;Mishkin, 2004;Ogrokhina and Rodriguez, 2018;Rose, 2007). Thus, we include Inflation targeting, a dummy variable that takes the value of 1 if the central bank has an inflation-targeting framework.…”

Section: Datamentioning

confidence: 99%

More effective than we thought: Central bank independence and inflation in developing countries

Garriga

Rodriguez

2020

Economic Modelling

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This study examines the effect of legal central bank independence on inflation in developing countries. In spite of the policy consensus suggesting that central bank independence is an effective tool to control inflation, the evidence is still limited, particularly for developing countries. Using a novel dataset, we analyze the effect of central bank independence on inflation for a sample of 118 developing countries between 1980 and 2013. We find that higher central bank independence is associated with lower inflation rates. This effect on inflation is stronger the more democratic a country is, but it is also present in non-democratic countries. Our results are robust to different specifications and methodologies. Furthermore, we find that all dimensions included in the measurement of central bank independence (objectives, personnel, policy, and financial independence) contribute to curb inflation. Our results shed light on which types of reforms may be more effective at fighting inflation in developing countries.

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Section: Datamentioning

confidence: 99%

More effective than we thought: Central bank independence and inflation in developing countries

Garriga

Rodriguez

2020

Economic Modelling

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“…We can also conclude that the test methodology for the presence of structural breaks has been increasingly cited in the literature, at least until 2012. Within recent years, this methodology has been referenced and cited in several research articles (see, inter alia, Aiolfi et al (2011), Ftiti andHichri (2014), and Pesaran and Pranovich (2013)). This test methodology can be considered a classic of the econometrics literature.…”

Section: Bai and Perron (1998) Break Test Proceduresmentioning

confidence: 99%

A note on seasonal breaks in tourism demand time series

Gouveia

2014

Tourism and Hospitality Research

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In this paper, a structural break test procedure proposed in literature is employed in a tourism demand analysis context. This article is the first to apply a graphical approach using seasonal surface and seasonal contour maps, which can be important tools for seasonal pattern evolution analyses. For the purpose of empirical study, total lodging figures were selected to analyze British tourism demand in the Algarve. The seasonality of tourism demand has several effects on economic activity. Identifying seasonal breaks in tourism time series allowed us to obtain evidence of efforts to lessen seasonality and that can hopefully benefit long-run policy evaluation and planning.

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“…Empirically, a large number of researches investigate the inflation target zone effects on inflation dynamics, although the results are not conclusive (e.g. Broto, 2011;Ftiti and Hichri, 2014;Gonçalves and Salle, 2008;Kontonikas, 2004;Mishra and Mishra, 2012;Pierdzioch and Rülke, 2013;Vega and Winkelried, 2005).…”

Section: Introductionmentioning

confidence: 98%

The effects of purchasing and price subsidy policies for agricultural products under target zones

Chen

Wang

et al. 2014

Economic Modelling

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The price stability under inflation targeting regime: An analysis with a new intermediate approach

Cited by 13 publications

References 39 publications

More effective than we thought: Central bank independence and inflation in developing countries

More effective than we thought: Central bank independence and inflation in developing countries

A note on seasonal breaks in tourism demand time series

The effects of purchasing and price subsidy policies for agricultural products under target zones

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