Gerlach, Stefan; Tillmann, Peter - In: Journal of Asian Economics 23 (2012) 4, pp. 360-373
Following the Asian financial crisis in 1997–1998, a number of regional central banks adopted inflation targeting …. While it is possible for the average inflation rate to be close to target, deviations of inflation could nevertheless be … large and protracted. We therefore explore how successful this framework has been by looking at the persistence of inflation …
