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 and can substitute for a track record of low inflation. To this end, we empirically evaluate the success of inflation targeting in Canada, New Zealand and the United Kingdom and...