Prospects for inflation targeting and the Taylor rule in Jordan.

Title: Prospects for inflation targeting and the Taylor rule in Jordan.
Identifier: AAI3325393
identifier: 3325393
Creator: Alkhasawneh, Raed.
Contributor: Adviser: Thom Thurston
Date: 2008
Language: English
Publisher: City University of New York.
Subject: Economics, General
Abstract: This paper estimates the Taylor rule as one specification of monetary policy reaction function for Jordan. It uses the estimated parameters to establish an implicit form of inflation targeting. It measures how much interest rates react to deviations of inflation and real activity from their target levels, however the data indicates that these estimated movements in interest rate are statistically insignificant to the deviation of inflation and output gap. The paper uses expanded forms of the reaction function by the means of adding different variables to the function to test if the interest rate policy is affected by those variables. The source of the data is the Central Bank of Jordan (CBJ), the International Monetary Fund Data base and New York Federal Reserve Bank.
Type: dissertation
Source: PQT Legacy CUNY.xlsx
degree: Ph.D.