Inflation targeting and inflation performance: a comparative analysis
Year: 2013
Type: article
Abstract: This article examines how the impact of inflation targeting on inflation performance depends on the choice of country samples, adoption dates, time periods and methodological approaches. We apply two different estimation methods – difference-in-differences and propensity score matching – for our sample of 25 advanced and 59 emerging and developing countries over the period 1985 to 2011. Our findings suggest that distinguishing countries by economic development is crucial, as no effect of inflation targeting is found for advanced economies, whereas the results suggest a significant negative effect of inflation targeting on inflation in emerging and developing countries. The results are robust to the methodology used for the analysis.
Source: Applied Economics
Authors: Anna Samarina, Mirre Terpstra, Jakob De Haan
Institutions: University of Groningen, De Nederlandsche Bank
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2081387679