Gains from Anchoring Inflation Expectations: Evidence from the Taper Tantrum Shock

Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in the United States to study the reaction of 18 large emerging markets to an external s...

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Bibliographic Details
Main Author: Bems, Rudolfs
Corporate Author: IMF e-Library - York University
Other Authors: Caselli, Francesca G., Grigoli, Francesco, Gruss, Bertrand
Format: eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund, [2019]
Series:IMF working paper ; WP/19/75.
Subjects:
Online Access:EBSCOhost
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