グンジ　ヒロシ   郡司　大志   経済学部 現代経済学科   教授

■ 標題   Does inflation targeting really matter? Doubly robust estimation

■ 概要   This study examines the performance stability of firms in inflation-targeting countries before and after the 2008 global financial crisis. We use the propensity score method to analyse and compare firms in inflation-targeting and non-inflation-targeting countries. The estimation results show that firms in inflation-targeting countries underperform in response to shocks. Our results suggest that inflation targeting does not necessarily mitigate an economy's response to business cycle fluctuations.   Gunji, Hiroshi   単著   Applied Economics Letters   Routledge   30(12),pp.1578-1581   2023

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