Aizenman, Joshua; Hutchison, Michael M.; Noy, Ilan - Economics Department, University of California-Santa … - 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 …