@techreport{d6ce7d79e3114285bfaca9af350bd10b,
title = "Factors leading to inflation targeting: The impact of adoption",
abstract = "This paper examines how the analysis of inflation targeting (IT) adoption is affected by allowing for a structural change after adoption, using panel probit models for 60 countries over the period 1985-2008. Our findings suggest that there is a structural change after IT adoption. Including the post-adoption period when estimating the factors of IT adoption leads to biased results when interested in the question as of what drives countries{\textquoteright} decision to adopt IT.",
author = "Anna Samarina and Jan-Egbert Sturm",
year = "2013",
language = "English",
volume = "346",
series = "KOF Working Papers",
publisher = "ETH Zurich",
number = "346",
type = "WorkingPaper",
institution = "ETH Zurich",
}