期刊論文
| 學年 | 104 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2016-05-04 |
| 作品名稱 | The effects of inflation targeting on Okun's law |
| 作品名稱（其他語言） | |
| 著者 | Huang, Ho-Chuan; Yeh, Chih-Chuan; Ku, Kuang-Ping; Lin, Shu-Chuan |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Applied Economics Letters 23(12), p.868-874 |
| 摘要 | This article provides the first empirical evidence that the adoption of inflation targeting (IT) matters for the extent of tradeoff between unemployment and output, that is Okun’s law. Our full sample results indicate that IT leads to a more negative Okun’s coefficient, suggesting that, for a given reduction of output, the introduction of IT is associated with a higher unemployment rate. Subsample analyses reveal that the whole sample results are mainly driven by the industrial subsample outcomes, not the developing counterparts. Our findings point out that IT not only influences macroeconomic variables per se but also affects the relationship between/among macroeconomic variables. |
| 關鍵字 | Inflation targeting;Okun’s law;time-varying;propensity score matching |
| 語言 | en |
| ISSN | 1350-4851 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/108180 ) |