Results found: 2

Search results

Sort By:

Limit search:

Empirical Assessment of Inflation Targeting (Analysis of Selected Economic Statistics)

100%

Walerysiak G.

Comparative Economic Research. Central and Eastern Europe

2013

vol. 16

issue 3

147-167

Inflation Targeting (IT) is used by about 30 countries (both developed and developing countries) around the world, and the number of countries was said to increase (IMF 2005). IT strategy was created as a way of getting inflation under control. The global crisis of recent years has given a new perspective to IT strategy and its effectiveness. The most obvious way of analyzing the effects of IT is to compare characteristics of inflation for periods before and after its implementation. So in my research I try to answer following comparative aspects: First, how does IT strategy work, and second, how does it work in the situation of global turmoil? I analyzed the years before and after implementation of IT strategy for those countries which employ it, as well as its implementation and effect during the time of the global crises.

Efekty dolaryzacji oficjalnej w Ameryce Południowej

100%

Walerysiak G.

Ekonomia XXI Wieku

2014

issue 1(1)

133-150

Official dollarization is a strategy for monetary and exchange rate policy, which means resignation from national currencies. It is a solution which can be used for different purposes, both offensive and defensive, as evidenced by the examples of Ecuador, El Salvador and Panama. The description of the meaning and effects of dollarization may be important both in the context of developing countries as well as in terms of the issue of global monetary order, an element of which is among others monetary integration in the form of the euro area. The official dollarization literature includes Berg and Borensztein’s work [2000] about the pros and cons of official dollarization, Chang and Velasco’s [2002] on the consequences of dollarization for prosperity, Barro’s [1999] which is the official dollarization recommendation for South America countries, Edwards’ [2002] and Edwards and Magendzo’s [2003] containing empirical testing of the effects of official dollarization for the economic growth. The description and assessment of the effects of monetary policy is an important issue which fits into a much larger current issues of global monetary order determining the significance of currencies of particular countries and currency areas and thus their economies in the international division of labor. Official dollarization and the entry to the euro zone despite their differences contain common elements, such as the abandonment of the exchange rate policy and the reduction of the importance of monetary policy, which confirms the usefulness of this study.

Refine search results

1 Comparative Economic Research. Central and Eastern Europe

1 Ekonomia XXI Wieku

2 Walerysiak G.

1 2014

1 2013

Search results

Empirical Assessment of Inflation Targeting (Analysis of Selected Economic Statistics)

Efekty dolaryzacji oficjalnej w Ameryce Południowej