Does inflation targeting work well? Evidence from CEE countries-Reference-Cited by-同舟云学术

Does inflation targeting work well? Evidence from CEE countries

Published:2016-09 Issue:3 Volume:66 Page:375-392
ISSN:0001-6373
Container-title:Acta Oeconomica
language:
Short-container-title:Acta Oeconomica

Author:

Wang Chen¹

Affiliation:

1. Research School of Finance (RSFAS), Australian National University, Canberra and Lecturer at the Division of Science and Technology, United International College, Zhuhai, China. E-mail: chen.wang@anu.edu.au

Abstract

This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.

Publisher

Akademiai Kiado Zrt.

Subject

Economics and Econometrics

Link

https://akademiai.com/doi/pdf/10.1556/032.2016.66.3.1

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