Factors Leading to Inflation Targeting

Jan-Egbert Sturm and Anna Samarina

No 13-346, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: This paper examines how the analysis of inflation targeting (IT) adoption is affected by allowing for a structural change after adoption, using panel probit models for 60 countries over the period 1985-2008. Our findings suggest that there is a structural change after IT adoption. Including the post-adoption period when estimating the factors of IT adoption leads to biased results when interested in the question as of what drives countries' decision to adopt IT.

Keywords: Inflation targeting; Panel probit (search for similar items in EconPapers)
Pages: 13 pages
Date: 2013-11
New Economics Papers: this item is included in nep-cba and nep-mac
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:13-346

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