Does Inflation Targeting Matter?:
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...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2003
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 03/129 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (36 p) |
| ISBN: | 1451855133 9781451855135 |
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| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:31Z |
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| spelling | Sheridan, Niamh Verfasser aut Does Inflation Targeting Matter? Sheridan, Niamh Washington, D.C International Monetary Fund 2003 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 03/129 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 Online-Ausg Ball, Laurence M. Sonstige oth http://elibrary.imf.org/view/IMF001/01828-9781451855135/01828-9781451855135/01828-9781451855135.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Sheridan, Niamh Does Inflation Targeting Matter? |
| title | Does Inflation Targeting Matter? |
| title_auth | Does Inflation Targeting Matter? |
| title_exact_search | Does Inflation Targeting Matter? |
| title_exact_search_txtP | Does Inflation Targeting Matter? |
| title_full | Does Inflation Targeting Matter? Sheridan, Niamh |
| title_fullStr | Does Inflation Targeting Matter? Sheridan, Niamh |
| title_full_unstemmed | Does Inflation Targeting Matter? Sheridan, Niamh |
| title_short | Does Inflation Targeting Matter? |
| title_sort | does inflation targeting matter |
| url | http://elibrary.imf.org/view/IMF001/01828-9781451855135/01828-9781451855135/01828-9781451855135.xml |
| work_keys_str_mv | AT sheridanniamh doesinflationtargetingmatter AT balllaurencem doesinflationtargetingmatter |