期刊論文
| 學年 | 110 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2022-03-28 |
| 作品名稱 | Openness-Inflation Nexus in Alternative Monetary Regimes |
| 作品名稱（其他語言） | |
| 著者 | Pei-Chien Lin; Ho-Chuan Huang; Xiaojian Liu |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Studies in Nonlinear Dynamics and Econometrics 26(1), p.35-53 |
| 摘要 | By applying an endogenous switching regression model to a sample of 64 countries, this article explores whether the effect of trade openness on inflation is influenced by the adoption of inflation targeting (IT). The outcome indicates that, while there exists a significant and negative impact of trade openness on inflation in the non-IT countries with flexible exchange rate system, the effect is negligible in the IT economies. In addition, the above differential inflation effect of trade openness across IT and non-IT regimes is only present in the developing subsample with flexible exchange rate system, but not the developed counterpart. Moreover, apart from trade openness, financial openness reinforces inflation in those developing countries not adopting IT, whereas no such significant effect is found in developing countries adopting IT. Instead of inflation, further results show that trade openness lowers inflation volatility both in developing and developed countries not adopting IT, yet the impact is smaller in developed country group. However, no such statistically significant link is found in developing and developed countries that adopt IT. |
| 關鍵字 | endogenous switching regression model;financial openness;inflation;inflation targeting;inflation volatility;trade openness |
| 語言 | en_US |
| ISSN | 1558-3708 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI EconLit Scopus ABS* |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | DEU |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122645 ) |