Growth-effects of inflation targeting : the role of financial sector development
| dc.contributor.author | Gupta, Rangan | |
| dc.contributor.email | Rangan.Gupta@up.ac.za | en_US |
| dc.date.accessioned | 2012-02-07T06:21:29Z | |
| dc.date.available | 2012-02-07T06:21:29Z | |
| dc.date.issued | 2011 | |
| dc.description.abstract | The 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.librarian | nf2012 | en |
| dc.description.uri | http://www.aeconf.net/index.htm | en_US |
| dc.identifier.citation | Gupta, 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.issn | 1529-7373 | |
| dc.identifier.uri | http://hdl.handle.net/2263/18025 | |
| dc.language.iso | en | en_US |
| dc.publisher | Peking University Press | en_US |
| dc.rights | All rights of reproduction in any form reserved. | en |
| dc.subject | Economic growth | en |
| dc.subject | Financial sector development | en |
| dc.subject.lcsh | Inflation targeting | en |
| dc.subject.lcsh | Inflation (Finance) | en |
| dc.subject.lcsh | Economic development | en |
| dc.title | Growth-effects of inflation targeting : the role of financial sector development | en |
| dc.type | Article | en |