TY  - UNPD
A1  - Moretti, Laura
T1  - Inflation targeting and product market deregulation : [Version Januar 2012]
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2012,01
N2  - I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during the disinflationary process in the 1990s. Using a sample of 21 OECD countries, I show that, after controlling for product market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover, product market deregulation also matters in particular in countries that adopted an inflation targeting regime. I propose a New Keynesian Phillips curve with an explicit role for market deregulation to rationalize the empirical evidence.
T3  - CFS working paper series - 2012,01 
KW  - Product Market Deregulation
KW  - Difference in Difference
KW  - Inflation Targeting
Y1  - 2012
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/24116
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-241164
IS  - Version Januar 2012
PB  - Goethe-Univ., House of Finance, Center for Financial Studies
CY  - Frankfurt am Main
ER  -