教師資料查詢 | 類別: 期刊論文 | 教師: 顧廣平 KU KUANG-PING (瀏覽個人網頁)

標題:The effects of inflation targeting on Okun's law
學年104
學期2
出版(發表)日期2016/05/04
作品名稱The effects of inflation targeting on Okun's law
作品名稱(其他語言)
著者Huang, Ho-Chuan; Yeh, Chih-Chuan; Ku, Kuang-Ping; Lin, Shu-Chuan
單位
出版者
著錄名稱、卷期、頁數Applied Economics Letters 23(12), p.868-874
摘要This article provides the first empirical evidence that the adoption of inflation targeting (IT) matters for the extent of tradeoff between unemployment and output, that is Okun’s law. Our full sample results indicate that IT leads to a more negative Okun’s coefficient, suggesting that, for a given reduction of output, the introduction of IT is associated with a higher unemployment rate. Subsample analyses reveal that the whole sample results are mainly driven by the industrial subsample outcomes, not the developing counterparts. Our findings point out that IT not only influences macroeconomic variables per se but also affects the relationship between/among macroeconomic variables.
關鍵字Inflation targeting;Okun’s law;time-varying;propensity score matching
語言英文
ISSN1350-4851
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別英國
公開徵稿
出版型式,電子版,紙本
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