Inflation targeting and financial market volatility

O'Sullivan, Roisini; Tomljanovich, Marc

doi:10.1080/09603107.2011.625643

Cited by 3 publications

(1 citation statement)

References 18 publications

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“…However, it is reasonable to include several types of IT in one model and examine the factors leading to the adoption of each IT type as well as factors influencing transition from one IT type to another. Following the approach of O’Sullivan and Tomljanovich (2012), we construct an IT index that we use for one of the dimensions proposed by the authors, namely the coexistence of other nominal targets in monetary policy. We consider this aspect most relevant and obvious for distinguishing different types of IT.…”

Section: Sensitivity Analysismentioning

confidence: 99%

Right on Target: Exploring the Factors Leading to Inflation Targeting Adoption

Samarina¹,

Haan

2013

Contemporary Economic Policy

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This paper examines which economic, fiscal, external, financial, and institutional characteristics of countries affect the likelihood that they adopt inflation targeting (IT) as their monetary policy strategy. We estimate a panel binary response model for 60 countries and two subsamples consisting of Organization for Economic Cooperation and Development (OECD) and non-OECD countries over the period 1985-2008. The findings suggest that past macroeconomic performance of a country, its fiscal discipline, exchange rate arrangements, as well as the structure and development of its financial system have a significant impact on the likelihood to adopt IT. However, the factors leading to IT adoption differ significantly between OECD and non-OECD countries. (JEL E42, E52)

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Section: Sensitivity Analysismentioning

confidence: 99%

Right on Target: Exploring the Factors Leading to Inflation Targeting Adoption

Samarina¹,

Haan

2013

Contemporary Economic Policy

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An empirical characterization of volatility in the German stock market

Virla

2023

SN Bus Econ

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Enhancing supply chain agility through e-procurement in a volatile frontier market

Makudza¹,

Jaravaza²,

Govha³

et al. 2023

Journal of Transport and Supply Chain Management

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Background: The business environment is increasingly becoming volatile, uncertain, complex and ambiguous (VUCA) because of globalisation, increased competition, random consumer tastes changes and environmental factors. Traditional procurement strategies are becoming increasingly redundant because of the volatility of the global business environment. The market has thus called for increased agility to conquer the VUCA nature of the supply chain environment.Objectives: The study sought to examine the role that e-procurement plays in augmenting the agility of supply chains. The four determinants of e-procurement, that is, e-design, e-sourcing, e-evaluation and e-negotiation, were linked directly with supply chain agility.Method: A census approach was taken to gather data from 219 supply chain and procurement employees of Zimbabwe’s telecommunications and technology industry. A self-administered survey questionnaire was used based on a scientifically developed and validated supply chain agility measurement scale from the extant literature.Results: Using structural equation modelling (SEM), the study’s results confirmed that e-procurement significantly predicts supply chain agility. All determinants of e-procurement were statistically significantly explaining supply chain agility in a volatile business environment.Conclusion: The study concludes that e-procurement augments the agility of the supply chain in volatile business environments, as e-procurement can increase swiftness and agility as it fosters ubiquitous business processes on a seamless real-time basis. It emerged from the study that the supply chain vulnerabilities volatile industries face could be eliminated through supply chain agility, augmented through e-procurement systems. The study’s findings also implore supply network members from upstream to downstream to adopt e-procurement.Contribution: The study has practical implications for all supply network members from upstream to downstream. It implores these members to adopt e-procurement to revive supply networks amid environmental volatility and alleviate miscommunication. Study also offers theoretical implications for e-procurement and supply chain management. The study also contributes to the body of knowledge by extending the existing theories on e-procurement and supply chains in the context of environmental volatility.

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Inflation targeting and financial market volatility

Cited by 3 publications

References 18 publications

Right on Target: Exploring the Factors Leading to Inflation Targeting Adoption

Right on Target: Exploring the Factors Leading to Inflation Targeting Adoption

An empirical characterization of volatility in the German stock market

Enhancing supply chain agility through e-procurement in a volatile frontier market

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