Has inflation targeting had any impact on inflation?

This paper deals with the empirical aspects of the "new" monetary policy framework, known as "inflation targeting." Applying intervention analysis to structural time-series models, new empirical evidence is produced in the case of ten countries. These results demonstrate that in terms of its initial impact on inflation, the empirical evidence suggests that central banks that have pursued this strategy have not been successful.

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Year of publication:	2006
Authors:	ANGERIZ, ALVARO ; ARESTIS, PHILIP
Published in:	Journal of Post Keynesian Economics. - M.E. Sharpe, Inc., ISSN 0160-3477. - Vol. 28.2006, 4, p. 559-571
Publisher:	M.E. Sharpe, Inc.
Subject:	inflation targeting \| intervention analysis \| monetary policy \| structural time-series models

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005750079