{"id":"https://openalex.org/W2292058873","doi":"https://doi.org/10.1093/oep/gpw007","title":"Inflation targeting and interest rates: a panel time-series approach","display_name":"Inflation targeting and interest rates: a panel time-series approach","publication_year":2016,"publication_date":"2016-02-29","ids":{"openalex":"https://openalex.org/W2292058873","doi":"https://doi.org/10.1093/oep/gpw007","mag":"2292058873"},"language":"en","primary_location":{"id":"doi:10.1093/oep/gpw007","doi":"https://doi.org/10.1093/oep/gpw007","is_oa":false,"landing_page_url":"https://doi.org/10.1093/oep/gpw007","pdf_url":null,"source":{"id":"https://openalex.org/S26073974","display_name":"Oxford Economic Papers","issn_l":"0030-7653","issn":["0030-7653","1464-3812"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Oxford Economic Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078747648","display_name":"Matteo Lanzafame","orcid":"https://orcid.org/0000-0003-0737-3005","observed_orcids":["https://orcid.org/0000-0003-0737-3005"]},"institutions":[{"id":"https://openalex.org/I112862951","display_name":"University of Messina","ror":"https://ror.org/05ctdxz19","country_code":"IT","type":"education","lineage":["https://openalex.org/I112862951"]}],"countries":["IT"],"is_corresponding":true,"raw_author_name":"Matteo Lanzafame","raw_affiliation_strings":["Dipartimento di Economia, Universit\u00e0 degli Studi di Messina, Via T. Cannizzaro 278, 98122 Messina, Italy","e-mail:"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Dipartimento di Economia, Universit\u00e0 degli Studi di Messina, Via T. Cannizzaro 278, 98122 Messina, Italy","institution_ids":["https://openalex.org/I112862951"]},{"raw_affiliation_string":"e-mail:","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5078747648"],"corresponding_institution_ids":["https://openalex.org/I112862951"],"apc_list":{"value":4064,"currency":"GBP","value_usd":5359},"apc_paid":null,"fwci":3.3989,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.93183679,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":97},"biblio":{"volume":"68","issue":"2","first_page":"484","last_page":"505"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/inflation-targeting","display_name":"inflation targeting","score":0.9990000128746033},{"id":"https://openalex.org/keywords/nominal-interest-rates","display_name":"nominal interest rates","score":0.9909999966621399},{"id":"https://openalex.org/keywords/inflation-expectations","display_name":"inflation expectations","score":0.8600000143051147},{"id":"https://openalex.org/keywords/risk-premium","display_name":"risk premium","score":0.9810000061988831},{"id":"https://openalex.org/keywords/central-bank-policy","display_name":"central bank policy","score":0.7329999804496765},{"id":"https://openalex.org/keywords/short-term-interest-rates","display_name":"short-term interest rates","score":0.7020000219345093},{"id":"https://openalex.org/keywords/long-term-interest-rates","display_name":"long-term interest rates","score":0.9929999709129333},{"id":"https://openalex.org/keywords/advanced-and-emerging-economies","display_name":"advanced and emerging economies","score":0.7110000252723694},{"id":"https://openalex.org/keywords/cross-sectional-dependence","display_name":"cross-sectional dependence","score":0.640999972820282},{"id":"https://openalex.org/keywords/parameter-heterogeneity","display_name":"parameter heterogeneity","score":0.9629999995231628}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.77552330493927},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6920034885406494},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.690250039100647},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.685271680355072},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.6012675762176514},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5409032702445984},{"id":"https://openalex.org/C84888623","wikidata":"https://www.wikidata.org/wiki/Q1205832","display_name":"Nominal interest rate","level":4,"score":0.5200029015541077},{"id":"https://openalex.org/C113679137","wikidata":"https://www.wikidata.org/wiki/Q10495747","display_name":"Fisher hypothesis","level":4,"score":0.5013458728790283},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.48008471727371216},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.44390198588371277},{"id":"https://openalex.org/C96250715","wikidata":"https://www.wikidata.org/wiki/Q965330","display_name":"Estimation","level":2,"score":0.43784087896347046},{"id":"https://openalex.org/C2776299755","wikidata":"https://www.wikidata.org/wiki/Q432449","display_name":"Carry (investment)","level":2,"score":0.4283970892429352},{"id":"https://openalex.org/C151541453","wikidata":"https://www.wikidata.org/wiki/Q523022","display_name":"Risk premium","level":2,"score":0.4199508726596832},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3620504140853882},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1093/oep/gpw007","doi":"https://doi.org/10.1093/oep/gpw007","is_oa":false,"landing_page_url":"https://doi.org/10.1093/oep/gpw007","pdf_url":null,"source":{"id":"https://openalex.org/S26073974","display_name":"Oxford Economic Papers","issn_l":"0030-7653","issn":["0030-7653","1464-3812"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311648","host_organization_name":"Oxford University Press","host_organization_lineage":["https://openalex.org/P4310311648","https://openalex.org/P4310311647"],"host_organization_lineage_names":["Oxford University Press","University of Oxford"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Oxford Economic Papers","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:oup:oxecpp:v:68:y:2016:i:2:p:484-505.","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1093/oep/gpw007","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:open-archive.highwire.org:oxepap:68/2/484","doi":null,"is_oa":false,"landing_page_url":"http://oep.oxfordjournals.org/cgi/content/short/68/2/484","pdf_url":null,"source":{"id":"https://openalex.org/S4406923041","display_name":"HighWire Press Open Archive","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"TEXT"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320323641","display_name":"Vedeck\u00e1 Grantov\u00e1 Agent\u00fara M\u0160VVa\u0160 SR a SAV","ror":"https://ror.org/044gwpv05"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W1552688494","https://openalex.org/W1557842914","https://openalex.org/W1582881161","https://openalex.org/W1691655062","https://openalex.org/W1749605963","https://openalex.org/W1935176611","https://openalex.org/W1969886729","https://openalex.org/W1995455747","https://openalex.org/W1997222271","https://openalex.org/W2015104370","https://openalex.org/W2022230235","https://openalex.org/W2048147370","https://openalex.org/W2051021291","https://openalex.org/W2062473733","https://openalex.org/W2064360179","https://openalex.org/W2072447383","https://openalex.org/W2074206127","https://openalex.org/W2079339785","https://openalex.org/W2094808149","https://openalex.org/W2100306399","https://openalex.org/W2110842229","https://openalex.org/W2114183075","https://openalex.org/W2119550039","https://openalex.org/W2123136623","https://openalex.org/W2123266275","https://openalex.org/W2144357229","https://openalex.org/W2156832537","https://openalex.org/W2158983579","https://openalex.org/W2160900255","https://openalex.org/W2168503902","https://openalex.org/W2170202041","https://openalex.org/W2764414778","https://openalex.org/W2953673852","https://openalex.org/W2953793082","https://openalex.org/W3121403162","https://openalex.org/W3121722945","https://openalex.org/W3124132071","https://openalex.org/W3125062757","https://openalex.org/W3125535202","https://openalex.org/W3125708217","https://openalex.org/W3125800447","https://openalex.org/W3196036408","https://openalex.org/W4238846015","https://openalex.org/W4298863825"],"related_works":["https://openalex.org/W1879374880","https://openalex.org/W4407091615","https://openalex.org/W3075229550","https://openalex.org/W7096504430","https://openalex.org/W2181977231","https://openalex.org/W7111101866","https://openalex.org/W1989651497","https://openalex.org/W3122177114","https://openalex.org/W2129729821","https://openalex.org/W2469464074"],"abstract_inverted_index":{"Inflation":[0],"Targeting":[1],"(IT)":[2],"can":[3],"be":[4],"expected":[5],"to":[6,96],"play":[7],"a":[8,18,27,40,50,59,81,89,97],"role":[9],"in":[10,65],"structurally":[11],"reducing":[12],"nominal":[13,103],"interest":[14,104],"rates":[15],"by":[16],"lowering":[17],"country\u2019s":[19],"inflation":[20],"expectations":[21],"and":[22,32,52,72,101],"risk":[23],"premium.":[24],"Relying":[25],"on":[26,80,92],"panel":[28,54],"of":[29,43,61,88,99],"52":[30],"advanced":[31],"emerging":[33],"economies":[34],"from":[35],"1975\u20132009,":[36],"we":[37],"carry":[38],"out":[39],"formal":[41],"investigation":[42],"this":[44],"hypothesis.":[45],"Our":[46,84],"econometric":[47],"strategy":[48],"adopts":[49],"flexible":[51],"efficient":[53],"estimation":[55],"framework,":[56],"controlling":[57],"for":[58],"number":[60],"issues":[62],"usually":[63],"neglected":[64],"the":[66],"literature,":[67],"such":[68],"as":[69],"parameter":[70],"heterogeneity":[71],"cross-section":[73],"dependence.":[74],"The":[75],"empirical":[76],"analysis":[77],"is":[78],"based":[79],"dynamic":[82],"model.":[83],"findings":[85],"are":[86],"supportive":[87],"view":[90],"that,":[91],"average,":[93],"IT":[94],"leads":[95],"reduction":[98],"short-":[100],"long-term":[102],"rates.":[105]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}