Siklos, Pierre L. - In: Emerging Markets Finance and Trade 44 (2008) 6, pp. 17-37
This paper examines the inflation record of twenty-nine inflation- and noninflation-targeting economies. Both … inflation, an econometric analysis that estimates changes in inflation persistence, and an estimate of the probability of a … breach in the inflation target as a proxy for the fragility of the targeting regime. I find that inflation persistence has …