Do monetary, fiscal and financial institutions really matter for inflation targeting in emerging market economies?

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• 作者：Seedwell Hove^a ; ^{seedieh@yahoo.co.uk} ; Fulbert Tchana Tchana^b ; Albert Touna Mama^c
• 关键词：E52 ; G28
• 刊名：Research in International Business and Finance
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：39
• 期：part_PA
• 页码：128-149
• 全文大小：2168 K
• 卷排序：39

文摘

Most emerging market economies applying inflation targeting have experienced inflation target misses. The paper analyses the role of monetary, fiscal and financial institutional structures for the achievement of inflation targets in emerging market economies. Institutional structures such as central bank independence, fiscal discipline and financial sector development matter for inflation targeting. Output gap and exchange rates also influence inflation target deviations.