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Author Sheridan, Niamh.

Title Does Inflation Targeting Matter? [electronic resource] / Niamh Sheridan.

Published Washington, D.C. : International Monetary Fund, 2003.


Location Call No. Status
Physical description 1 online resource (36 p.)
Series IMF Working Papers; Working Paper ; No. 03/129
IMF Working Papers; Working Paper ; No. 03/129
Summary This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along many dimensions for both targeting and nontargeting countries. In some cases, the targeters improved by more. However, these differences are explained by the fact that targeters performed worse than nontargeters before the early 1990s, and there is regression towards the mean. Once one controls for this, there is no evidence that inflation targeting improves performance.
Notes Description based on print version record.
Other author Ball, Laurence M.
Sheridan, Niamh.
Subject Average Inflation
Business Fluctuations
Inflation Targeting Regime
Inflation Targeting Regimes
Inflation Targeting
ISBN 1451855133 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451855135.001