Aizenman, Joshua; Hutchison, Michael; Noy, Ilan - Department of Economics, University of Hawaii-Manoa - 2008
We examine the inflation targeting (IT) experiences of emerging market economies, focusing especially on the roles of … significant and stable response running from inflation to policy interest rates in emerging markets that are following publically … announced IT policies. By contrast, central banks respond much less to inflation in non-IT regimes. IT emerging markets follow a …