Work detail

Inflation Targeting vs. Price-Level targeting and their impact on real business

Author: Bc. Robert Vejdělek
Year: 2020 - summer
Leaders: prof. Ing. Evžen Kočenda M.A., Ph.D., DSc.
Consultants:
Work type: Bachelors
Language: English
Pages: 50
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/203257/
Abstract: Abstract This thesis investigates the effect of inflation targeting policy on economic performance of selected countries, which are Czech Republic, Sweden and Chile. We use synthetic control method (SCM) as a tool to construct matching countries from control groups, which were selected on the grounds of similar pre-treatment development or other resemblances. The results show significant improvement in GDP per capita growth after imposing the policy in comparison with our synthetic versions of those countries. JEL Classification E 31, E37, E52, E58 Keywords Inflation targeting, monetary policy, inflation, Synthetic control method
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