Does Inflation Targeting Matter for EMEs?
This paper presents an empirical assessment of the performance of EMEs that have adopted inflation targets to conduct monetary policy. In contrast to the evidence previously found for industrial economies, we observe that IT has really mattered for EMEs' price stability. Cross-section and panel estimations consistently suggest that IT has significantly contributed to EMEs' disinflation.
|Date of creation:||Jul 2006|
|Date of revision:||Dec 2006|
|Contact details of provider:|| Web page: http://www.mty.itesm.mx/egap/|
More information through EDIRC
References listed on IDEAS
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.:
- Levy-Yeyati, Eduardo & Sturzenegger, Federico, 2005. "Classifying exchange rate regimes: Deeds vs. words," European Economic Review, Elsevier, vol. 49(6), pages 1603-1635, August.
- Neumann, Manfred J. M. & von Hagen, Jürgen, 2002.
"Does inflation targeting matter?,"
ZEI Working Papers
B 01-2002, ZEI - Center for European Integration Studies, University of Bonn.
- Andrew Sumner, 2004. "Why are we still arguing about globalization?," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(7), pages 1015-1022.
- Andrew T. Levin & Fabio M. Natalucci & Jeremy M. Piger, 2004. "The macroeconomic effects of inflation targeting," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 51-80.
When requesting a correction, please mention this item's handle: RePEc:egb:wpaper:20061. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ricardo Cantú)
If references are entirely missing, you can add them using this form.