Groeneveld, Johannes; Koedijk, Kees; Kool, Clemens - In: Open Economies Review 9 (1998) 1, pp. 21-38
In this paper we address the issue whether a switch to inflation targeting can help build monetary policy credibility … to inflation targeting. The experience of Canada, New Zealand and the United Kingdom is matched with the United States …, Australia and Germany. We find that the effectiveness of the direct inflation targeting approach to quickly increase low …
