Abstract

http://ssrn.com/abstract=1462006
 
 

Citations (5)



 


 



Inflation Targeting and Business Cycle Synchronization


Robert P. Flood


International Monetary Fund (IMF) - Research Department; CENTRUM Business School; National Bureau of Economic Research (NBER)

Andrew K. Rose


University of California - Haas School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

July 2009

CEPR Discussion Paper No. DP7377

Abstract:     
Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global business cycles, for two reasons. Indeed business cycles have not in fact become less synchronized across countries.

Number of Pages in PDF File: 47

Keywords: bilateral, data, empirical, GDP, insulation, regime

JEL Classification: F42

working papers series


Date posted: August 26, 2009  

Suggested Citation

Flood, Robert P. and Rose, Andrew K., Inflation Targeting and Business Cycle Synchronization (July 2009). CEPR Discussion Paper No. DP7377. Available at SSRN: http://ssrn.com/abstract=1462006

Contact Information

Robert P. Flood
International Monetary Fund (IMF) - Research Department ( email )
700 19th Street NW
Washington, DC 20431
United States
202-623-7667 (Phone)
202-623-6339 (Fax)
CENTRUM Business School
Daniel Alomía Robles s/n
Los Alamos de Monterrico
Surco, Lima, Lima 00001
Peru
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Andrew K. Rose (Contact Author)
University of California - Haas School of Business ( email )
Berkeley, CA 94720
United States
510-642-6609 (Phone)
510-642-4700 (Fax)
HOME PAGE: http://faculty.haas.berkeley.edu/arose
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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