The performance of alternative monetary regimes
By: Laurence M. Ball
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 16124; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16124.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This paper compares the performance of economies with different monetary regimes during the last quarter century.  The conclusions include: (1) There is little evidence that inflation targeting affects performance in advanced economies, but some evidence of benefits in emerging economies; (2) Europe's monetary union has increased intra-European trade and capital flows, but divergence in national price levels may destabilize output in the future; (3) The "monetary analysis" of the European Central Bank has little effect on the ECB's policy decisions; and (4) Countries with hard currency pegs experience unusually severe recessions when capital flight occurs"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/13/2010.

Includes bibliographical references.

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