Tesis para optar al título de Magíster en Economía / This paper assesses empirically the contribution of key macroeconomic and institutional
variables in shaping the likelihood of choosing the In°ation Targeting (IT) regime in a
sample that comprises countries working under such a regime and covers the period 1975-
2005. I ¯nd in°ation rate, ¯nancial development, GDP per capita and trade openness
relevant for driving the choice of IT by estimating a discrete choice panel data model.
Also, my results suggest that the initial conditions at the moment of IT adoption do
matter because countries have di®erent exposure to the likelihood of choosing IT as a
result of their speci¯c macroeconomic and institutional fundamentals and unobservable
idiosyncratic factors.
| Identifer | oai:union.ndltd.org:UCHILE/oai:repositorio.uchile.cl:2250/144764 |
| Date | 07 1900 |
| Creators | Leyva Jiménez, Gustavo A. |
| Contributors | Schmidt-Hebbel, Klaus |
| Publisher | Universidad de Chile |
| Source Sets | Universidad de Chile |
| Language | English |
| Detected Language | English |
| Type | Tesis |
| Rights | Attribution-NonCommercial-NoDerivs 3.0 Chile, http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ |
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