Growth-effects of inflation targeting : the role of financial sector development

dc.contributor.authorGupta, Rangan
dc.contributor.emailRangan.Gupta@up.ac.zaen_US
dc.date.accessioned2012-02-07T06:21:29Z
dc.date.available2012-02-07T06:21:29Z
dc.date.issued2011
dc.description.abstractThe paper develops a dynamic general equilibrium monetary endogenous growth model. The closed economy model is inhabited by consumers, firms, a Cournotian monopolistically competitive banking system, besides, an inflationtargeting monetary authority, and, in turn, analyzes the effect of a tight monetary (disinflationary) policy on growth. We show that the effect of a lower inflation target on growth is ambiguous, with the ultimate effect depending on the initial levels of growth and the individual bank size, besides, a whole host of structural parameters defining the preferences and the production structure of the economy.en
dc.description.librariannf2012en
dc.description.urihttp://www.aeconf.net/index.htmen_US
dc.identifier.citationGupta, R 2011, 'Growth-effects of inflation targeting : the role of financial sector development', Annals of Economics and Finance, vol. 12, no. 1, pp. 65-87.en
dc.identifier.issn1529-7373
dc.identifier.urihttp://hdl.handle.net/2263/18025
dc.language.isoenen_US
dc.publisherPeking University Pressen_US
dc.rightsAll rights of reproduction in any form reserved.en
dc.subjectEconomic growthen
dc.subjectFinancial sector developmenten
dc.subject.lcshInflation targetingen
dc.subject.lcshInflation (Finance)en
dc.subject.lcshEconomic developmenten
dc.titleGrowth-effects of inflation targeting : the role of financial sector developmenten
dc.typeArticleen

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