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Résultats empiriques multi-pays relatifs à l'impact des cibles d'inflation sur la crédibilité de la politique monétaire Author info | Abstract | Publisher info | Download info | Related research | Statistics Pierre St-Amant
David Tessier
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In this article, we discuss the recent literature analyzing the experience of countries having adopted inflation targets and provide some simple statistical tests for determining the link between the adoption of inflation targets and the credibility of monetary policy. The literature survey and empirical results lead us to conclude that certain statistical properties of inflation may have changed in recent years, and that monetary policy seems to have become more credible in a number of countries, including Canada. Yet the available data do not allow us to conclude with any certainty that explicit inflation targets have played a significant role in these changes.
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Article provided by University of Toronto Press in its journal Canadian Public Policy .
Volume (Year): 26 (2000)
Issue (Month): 3 (September)
Pages: 295-310
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Handle: RePEc:cpp:issued:v:26:y:2000:i:3:p:295-310Contact details of provider: Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8 Email: Web page: http://economics.ca/cpp/
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Lalonde, René & Page, Jennifer & St-Amant, Pierre, 1998.
"Une nouvelle méthode d'estimation de l'écart de production et son application aux États-Unis, au Canada et à l'Allemagne ,"
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Pierre Fortin, 2003.
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