Angeriz, Alvaro; Arestis, Philip - In: Oxford Economic Papers 60 (2008) 2, pp. 293-317
The aim of this paper is to deal with the empirical aspects of the 'new' monetary policy framework, known as Inflation … countries. These results demonstrate that although Inflation Targeting has gone hand-in-hand with low inflation, the strategy … was introduced well after inflation had begun its downward trend. But, then, Inflation Targeting 'locks in' low inflation …