Gerlach, Stefan; Tillmann, Peter - Hong Kong Institute for Monetary Research (HKIMR), … - 2011
Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. While it … targeting. The speed by which persistence falls varies across countries. Interestingly, the economies not adopting inflation … persistence rather than the level of inflation shows that inflation targeting performs better than alternative strategies. …