Does inflation change when countries adopt inflation targeting?

Authors

  • Diego Winkelried Cambridge University
  • Marco Vega Banco Central de Reserva del Perú

DOI:

https://doi.org/10.21678/apuntes.56/57.552

Keywords:

inflation targeting

Abstract

This paper analyses the evidence about the impact of adopting inflation targeting (IT) on inflation dynamics in a wide range of countries. ln particular, it reports on the econometric evaluation undertaken by Vega and Winkelried (200S) and compares this with results from other authors. In general, our comparative exercise shows that the impact of adopting inflation targeting over mean inflation is moderate in developed countries, but that its effects are significant when adopted by less-developed countries.

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Published

2005-04-10

How to Cite

Winkelried, D., & Vega, M. (2005). Does inflation change when countries adopt inflation targeting?. Apuntes. Social Sciences Journal, (56/57), 139–156. https://doi.org/10.21678/apuntes.56/57.552

Issue

Apuntes 56 - 57

Section

Articles

License

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