Does Inflation Targeting Really Matter? Doubly Robust Estimation
Does Inflation Targeting Really Matter? Doubly Robust Estimation
复制标题
通胀目标制真的重要吗？
DOI：
10.1080/13504851.2022.2071828
复制
发表时间：
2022
影响因子：
1.6
通讯作者：
Hiroshi
中科院分区：
文献类型：
--
作者：
Gunji;Hiroshi
本研究考察了2008年全球金融危机前后通货膨胀目标制国家企业的业绩稳定性。我们使用倾向得分方法来分析和比较通货膨胀目标制和非通货膨胀目标制国家的公司。估计结果表明，通胀目标国家的企业在应对冲击方面表现不佳。我们的研究结果表明，通货膨胀目标制并不一定减轻经济对商业周期波动的反应。
This study examines the performance stability of firms in inflation-targeting countries before and after the 2008 global financial crisis. We use the propensity score method to analyse and compare firms in inflation-targeting and non-inflation-targeting countries. The estimation results show that firms in inflation-targeting countries underperform in response to shocks. Our results suggest that inflation targeting does not necessarily mitigate an economy’s response to business cycle fluctuations.