Taylor Rule Emerging Markets Inflation Stability
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1. / Taylor Principle And Inflation Stability In Emerging Market Countriesw
The goal of this paper is to evaluate the validity of the Taylor principle for inflation control in 12 developing countries that use inflation targeting regimes: Brazil, Chile, Colombia, Hungary, Israel, Mexico, Peru, Philippines, Poland, South Africa, Thailand and Turkey. The test is based on a state-space model to determine when each country has followed t
Publicado em: 26/08/2009