The effects of inflation targeting for financial development / by Geoffrey R. Dunbar and Amy (Qijia) Li.: FB3-7/2019-21E-PDF
"The adoption of inflation targeting (IT) by central banks leads to an increase of 10 to 20 percent in measures of financial development, with a lag. We also find evidence that the financial sector benefits of IT adoption were higher for early-adopting central banks. Our results suggest that roughly 12 to 14 years after the Reserve Bank of New Zealand adopted inflation targeting in 1989, the benefits for financial development for new adopters ofinflation targeting may have been negligible"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.876269&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | The effects of inflation targeting for financial development / by Geoffrey R. Dunbar and Amy (Qijia) Li. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-21 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. Includes bibliographical references. Includes abstracts in English and French. |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, [2019] ©2019 |
| Author / Contributor | Dunbar, Geoffrey R., author. Li, Amy, author. |
| Description | 1 online resource (ii, 11 pages) : colour illustrations. |
| Catalogue number |
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| Subject terms | Monetary policy |