This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare seven OECD countries that adopted inflation targeting in the early 1990s to thirteen that did not. After the early 90s, performance improved along many dimensions for both the targeting countries and the non-targeters. In some cases the targeters improved by more; for example, average inflation fell by a larger amount. However, these differences are explained by the facts that targeters performed worse than non-targeters before the early 90s, and there is regression to the mean. Once one controls for regression to the mean, there is no evidence that inflation targeting improves performan...
This paper estimates the effects of inflation targeting (IT) adoption over inflation dynamics using ...
This article examines how the impact of inflation targeting on inflation performance depends on the ...
This study is about evidence, which suggests that inflation targeting helps countries achieve lower ...
Ten years of empirical studies of inflation targeting have not uncovered clear evidence that monetar...
A growing number of countries have anchored their monetary policy to an explicit numerical rate or r...
With the numerous monetary policy reforms undertaken during the 1990s, inflation targeting emerged a...
Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-a...
This paper uses a number of identification approaches (using instrumental variables, assumptions abo...
This paper aims to measure and compare the economic performance of four Asian economies who adopted ...
This paper estimates the treatment effect of inflation targeting for all explicit inflation targetin...
The last two decades witnessed a dramatic transformation of how central banks operate. An increasing...
Does the adoption of an inflation target by a country have an effect on that country's rate of infla...
Yes. Inflation targeters (ITers) have been very successful in meeting their inflation targets (ITs)....
This paper examines the inflation targeting experience in developing countries. Based on panel data ...
The literature on inflation targeting has up to now focused on its impact on macroeconomic performan...
This paper estimates the effects of inflation targeting (IT) adoption over inflation dynamics using ...
This article examines how the impact of inflation targeting on inflation performance depends on the ...
This study is about evidence, which suggests that inflation targeting helps countries achieve lower ...
Ten years of empirical studies of inflation targeting have not uncovered clear evidence that monetar...
A growing number of countries have anchored their monetary policy to an explicit numerical rate or r...
With the numerous monetary policy reforms undertaken during the 1990s, inflation targeting emerged a...
Yes, as inferred from panel evidence for inflation-targeting countries and a control group of high-a...
This paper uses a number of identification approaches (using instrumental variables, assumptions abo...
This paper aims to measure and compare the economic performance of four Asian economies who adopted ...
This paper estimates the treatment effect of inflation targeting for all explicit inflation targetin...
The last two decades witnessed a dramatic transformation of how central banks operate. An increasing...
Does the adoption of an inflation target by a country have an effect on that country's rate of infla...
Yes. Inflation targeters (ITers) have been very successful in meeting their inflation targets (ITs)....
This paper examines the inflation targeting experience in developing countries. Based on panel data ...
The literature on inflation targeting has up to now focused on its impact on macroeconomic performan...
This paper estimates the effects of inflation targeting (IT) adoption over inflation dynamics using ...
This article examines how the impact of inflation targeting on inflation performance depends on the ...
This study is about evidence, which suggests that inflation targeting helps countries achieve lower ...