Monetary targeting transitions in emerging economies: domestic and global implications

Paranavithana Paranavithana

Research output: ThesisDoctoral Thesis

44 Downloads (Pure)

Abstract

The thesis offers three related studies about monetary targeting transitions in emerging economies. An empirical analysis verifies that inflation is the primary target in setting policy interest rates in inflation targeting (IT) economies, but exchange rates dominate in others. Volatility measurements confirm that IT reduces the volatility of welfare but not output and exchange rates. Structural models of single countries and the global economy, under Monte Carlo simulation, suggest that, for small and large economies nominal GDP targeting minimises real GDP risk subject to supply-side shocks, but when economic welfare is the objective, IT is most commonly superior.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Award date12 Feb 2020
DOIs
Publication statusUnpublished - 2020

Fingerprint Dive into the research topics of 'Monetary targeting transitions in emerging economies: domestic and global implications'. Together they form a unique fingerprint.

  • Cite this