1. bookTom 11 (2022): Zeszyt 1 (January 2022)
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2336-9205
Pierwsze wydanie
11 Mar 2014
Częstotliwość wydawania
3 razy w roku
Języki
Angielski
access type Otwarty dostęp

Macroprudential Transparency and Price Stability in Emerging and Developing Countries

Data publikacji: 18 Jan 2022
Tom & Zeszyt: Tom 11 (2022) - Zeszyt 1 (January 2022)
Zakres stron: 105 - 129
Otrzymano: 20 Aug 2020
Przyjęty: 09 Mar 2021
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
2336-9205
Pierwsze wydanie
11 Mar 2014
Częstotliwość wydawania
3 razy w roku
Języki
Angielski
Abstract

One of the focuses of recent literature has been the macroeconomic effects of macroprudential policy instruments. The innovation of this paper is that it studies the effects of transparent macro-prudential policies on price stability. The results presented herein provide the first empirical evidence that macroprudential transparency can aid to achieve stable inflation in emerging and developing countries. The effect is necessarily transmitted through reduced occurrence of banking crises. We also record a particular advantage of macroprudential transparency for non-inflation targeting countries. Overall, the results are robust to the use of two proxies of price stability.

Keywords

JEL Classification

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