淡江大學機構典藏:Item 987654321/93264
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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/93264


    Title: Inflation Targeting and Unemployment: A Quantile Treatment Effect Approach
    Authors: Huang, Ho-Chuan;Yeh, Chih-Chuan
    Contributors: 淡江大學財務金融學系
    Date: 2014
    Issue Date: 2013-12-13 15:35:09 (UTC+8)
    Publisher: Abingdon: Routledge
    Abstract: This article explores the treatment effects of inflation targeting (IT) on unemployment rates across a large panel of 74 countries over the 1980–2010 period. By addressing the ‘self-selection’ problem of policy adoption via a variety of propensity score matching algorithms, we first find that, on average, IT exerts no discernible effect on unemployment rates in the full sample. However, when the full sample is split into subgroups, the results strongly indicate that the adoption of IT is associated with higher (lower) unemployment rate in the industrial (developing) countries. Further outcome from a novel quantile treatment effects approach points out that the higher the unemployment rate is in the first place, the more harmful (beneficial) the implementation of IT becomes in the industrial (developing) subsample.
    Relation: Applied Economics Letters
    DOI: 10.1080/13504851.2013.866198
    Appears in Collections:[Graduate Institute & Department of Banking and Finance] Journal Article

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