Analysis Of The Stability Of Inflation In Inflation Targeting Countries Via Control Charts

İsmail H. GENÇ; Kim Heng CHEN

Makale detayları

Analysis Of The Stability Of Inflation In Inflation Targeting Countries Via Control Charts

Yazarlar:

İsmail H. GENÇ | Kim Heng CHEN

Yayıncı:

İbrahim Güran YUMUŞAK

Dergi:

Journal of Knowlede Economy and Knowledge Management 2010 Vol.5 Issue 1

Belge Tipi:

Makale

Yayın Tarihi:

5/2010

Belge Dili:

Türkçe

Document ID (Org No.):

2000893954

Sıklık:

İki Yıllık

eISSN:

1308-3937

Anahtar kelimeler:

Özet:

 

While inflation targeting (IT) has been adopted by a few countries as a monetary policy tool chiefly for inflation fighting purposes, the debate relative to its effect on making a difference on actual inflation level of the adopting country has been waging with no end in sight. A number of authors have attempted to address the issue with usually qualitative means. In this paper, we analyze the stability of inflation levels before and after the adoption of IT with the help of ‘control charts.' Control charts tell us when and in what fashion processes deviate from stability, allowing us to take timely and appropriate action to keep the process on course. Our findings show that the instability in inflation levels has been reduced in the post adopted era.

 

While inflation targeting (IT) has been adopted by a few countries as a monetary policy tool chiefly for inflation fighting purposes, the debate relative to its effect on making a difference on actual inflation level of the adopting country has been waging with no end in sight. A number of authors have attempted to address the issue with usually qualitative means. In this paper, we analyze the stability of inflation levels before and after the adoption of IT with the help of ‘control charts.' Control charts tell us when and in what fashion processes deviate from stability, allowing us to take timely and appropriate action to keep the process on course. Our findings show that the instability in inflation levels has been reduced in the post adopted era.

Makale detayları

Analysis Of The Stability Of Inflation In Inflation Targeting Countries Via Control Charts

Yazarlar: İsmail H. GENÇ | Kim Heng CHEN

Yayıncı: İbrahim Güran YUMUŞAK

Dergi: Journal of Knowlede Economy and Knowledge Management 2010 Vol.5 Issue 1

Belge Tipi: Makale

Yayın Tarihi: 5/2010

Belge Dili: Türkçe

Document ID (Org No.): 2000893954

Sıklık: İki Yıllık

eISSN: 1308-3937

Inflation Targeting

Control Charts

Inflation

Sayı

Yazarlar:

İsmail H. GENÇ | Kim Heng CHEN

Yayıncı:

İbrahim Güran YUMUŞAK

Dergi:

Journal of Knowlede Economy and Knowledge Management 2010 Vol.5 Issue 1

Belge Tipi:

Makale

Yayın Tarihi:

5/2010

Belge Dili:

Türkçe

Document ID (Org No.):

2000893954

Sıklık:

İki Yıllık

eISSN:

1308-3937