Title of article :
Testingthetransparencybenefitsofinflationtargeting:
Evidencefromprivatesectorforecasts
Author/Authors :
Christopher Crowe، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2010
Abstract :
Usinginflationforecastdatafor11ITadoptioncountries,ITadoptionisfoundto
promoteconvergenceinforecasterrors,suggestingthatitenhancestransparency.This
result,whichissubjectedtoseveralrobustnesschecksandfoundtoberobust,supports
MorrisandShin’s(2002) contentionthatbetterpublicinformationismostbeneficialfor
forecasterswithbadprivateinformation.However,itdoesnotsupporttheirhypothesis
thatbetterpublicinformationcouldmakeprivateforecastslessaccurate
Keywords :
Inflation targetingCentral banktransparencyInflation forecastsPropensity scorematching
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
