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Central Bank Performance under Inflation Targeting

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    Abstract

    Gosselin examines and reports on the various factors that contribute to successful inflation targeting. Using a panel of 21 inflation-targeting countries over the period 1990Q1-2007Q2, Gosselin finds that the ability of central banks to hit their targets varies considerably. Some of these differences can be explained by exchange rate fluctuations, fiscal deficits, and differences in financial development. Others are explained by differences in the targeting framework itself and the manner in which it is implemented.

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    File URL: http://www.bankofcanada.ca/wp-content/uploads/2010/06/gosselin.pdf
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    Bibliographic Info

    Article provided by Bank of Canada in its journal Bank of Canada Review.

    Volume (Year): 2007-2008 (2007-2008)
    Issue (Month): Winter ()
    Pages: 17-27

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    Handle: RePEc:bca:bcarev:v:2008:y:2008:i:winter07-08:p:17-27

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