We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Selecting Your Inflation Targeters: Background and Performance of Monetary Policy Committee Members.
- Authors
Farvaque, Etienne; Hammadou, Hakim; Stanek, Piotr
- Abstract
This paper starts by describing the composition of monetary policy committees (MPCs) in inflation-targeting and non-targeting countries. The experience of MPC members on their inflation performance is then compared, opposing inflation targeters with non-targeters. Our sample covers the major Organization for Economic Cooperation and Development countries, in the period 1999-2008. Our results first show that MPCs are different in inflation-targeting (versus non-targeting) countries. They also reveal that policy-makers' backgrounds influence inflation, and that the influence of MPCs' experience is much greater in inflation-targeting countries, while size effects are more important for committees that do not target inflation.
- Subjects
PRICE inflation; PERFORMANCE evaluation; MONETARY policy; ECONOMIC policy; ECONOMIC Cooperation Organization; SOCIAL influence
- Publication
German Economic Review, 2011, Vol 12, Issue 2, p223
- ISSN
1465-6485
- Publication type
Article
- DOI
10.1111/j.1468-0475.2010.00520.x