How Long to Read Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis

By Hippolyte W. Balima

How Long Does it Take to Read Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis?

It takes the average reader and 42 minutes to read Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis by Hippolyte W. Balima

Assuming a reading speed of 250 words per minute. Learn more

Description

Inflation targeting (IT) has gained much traction over the past two decades, becoming a framework of reference for the conduct of monetary policy. However, the debate about its very merits and macroeconomic consequences remains inconclusive. This paper digs deeper into the issue through a meta-regression analysis (MRA) of the existing literature, making it the first application of a MRA to the macroeconomic effects of IT adoption. Building on 8,059 estimated coefficients from a very broad sample of 113 studies, the paper finds that the empirical literature suffers from two types of publication bias. First, authors, editors and reviewers prefer results featuring beneficial effects of IT adoption on inflation volatility, real GDP growth and fiscal performances; second, they promote results with estimated coefficients that are significantly different from zero. However, after filtering out the publication biases, we still find meaningful (genuine) effects of IT in reducing inflation and real GDP growth volatility, but no significant genuine effects on inflation volatility and the level of real GDP growth. Interestingly, the results indicate that the impact of IT varies systematically across studies, depending on the sample structure and composition, the time coverage, the estimation techniques, country-specific factors, IT implementation parameters, and publication characteristics.

How long is Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis?

Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis by Hippolyte W. Balima is 42 pages long, and a total of 10,584 words.

This makes it 14% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 57 minutes to read Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis aloud.

What Reading Level is Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis?

Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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