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DC Field | Value | Language |
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dc.contributor.advisor | Παναγιωτίδης, Θεόδωρος | el |
dc.contributor.author | Δεμερτζίδης, Θεόδωρος | el |
dc.date.accessioned | 2020-04-29T13:36:38Z | - |
dc.date.available | 2020-04-29T13:36:38Z | - |
dc.date.issued | 2020 | el |
dc.identifier.uri | http://dspace.lib.uom.gr/handle/2159/23985 | - |
dc.description | Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2020. | el |
dc.description.abstract | This study examines the effectiveness of inflation targeting (IT) regime for fifty-four countries from 1960 to 2019. Two groups of countries are analyzed, the euro-area countries and most of the inflation-targeting countries. We divide our sample into two subperiods, the pre-euro and post-euro period for the first group as well as the pre-IT and post-IT period for the latter one. We then employ seasonal ARIMA, ARCH or GARCH models and using pre-period data we perform static forecast for the post-period. Subsequently, the forecasted inflation rates are compared with the actual levels of inflation. We find that a number of inflation-targeting countries have benefited from the said regime in terms of lower inflation, but in most cases, they experience higher variability. On the contrary, more than half euro-area countries do not experience lower inflation or variability after euro adoption. | en |
dc.format.extent | 70 | el |
dc.language.iso | en | en |
dc.publisher | Πανεπιστήμιο Μακεδονίας | el |
dc.rights | Αναφορά Δημιουργού - Μη Εμπορική Χρήση - Παρόμοια Διανομή 4.0 Διεθνές | el |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές | el |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | en |
dc.subject | Inflation targeting | en |
dc.subject | Seasonal ARIMA models | en |
dc.subject | ARCH models | en |
dc.subject | GARCH models | en |
dc.title | An assessment of the inflation targeting experience | en |
dc.type | Electronic Thesis or Dissertation | en |
dc.type | Text | en |
dc.contributor.department | Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη | el |
Appears in Collections: | ΔΠΜΣ Οικονομική Επιστήμη (M) |
Files in This Item:
File | Description | Size | Format | |
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DemertzidisTheodorosMsc2020.pdf | 1.27 MB | Adobe PDF | View/Open |
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