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- W3215364868 abstract "We study inflation targeting's impact in Sweden over time and whether its adoption has constituted a regime switch using a msvar technique. We assess, based on two different specifications, the two main features generally attributed to it: the preference for inflation in the monetary reaction function and the stabilisation of the macroeconomic environment. Results are threefold. First, it has prompted a lower emphasis on inflation. Second, a switch has clearly appeared since it adoption where uncertainty has been reduced. These results are visible on a stable sample, after inflation has been tamed, and robust to a comparison with a ηοη-ιτ country: the us. Last, cou nterf actuals suggest this framework provides higher monetary policy leeway." @default.
- W3215364868 created "2021-12-06" @default.
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- W3215364868 date "2016-01-01" @default.
- W3215364868 modified "2023-09-25" @default.
- W3215364868 title "HAS THE ADOPTION OF INFLATION TARGETING REPRESENTED A REGIME SWITCH? EMPIRICAL EVIDENCE FROM SWEDEN" @default.
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