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財金系 黃河泉 教授於
期刊論文
發佈
The effects of inflation targeting on Okun's law
,
[104-2]
：The effects of inflation targeting on Okun's law期刊論文The effects of inflation targeting on Okun's lawHuang, Ho-Chuan; Yeh, Chih-Chuan; Ku, Kuang-Ping; Lin, Shu-ChuanInflation targeting;Okun’s law;time-varying;propensity score matchingApplied Economics Letters 23(12), p.868-874This 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.en1350-4851國外SSCI;是GBR
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財金系 顧廣平 教授於
期刊論文
發佈
The effects of inflation targeting on Okun's law
,
[104-2]
：The effects of inflation targeting on Okun's law期刊論文The effects of inflation targeting on Okun's lawHuang, Ho-Chuan; Yeh, Chih-Chuan; Ku, Kuang-Ping; Lin, Shu-ChuanInflation targeting;Okun’s law;time-varying;propensity score matchingApplied Economics Letters 23(12), p.868-874This 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.en1350-4851國外SSCI;是GBR
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