Does inflation targeting work well? Evidence from CEE countries
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This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.
2019 ◽
Vol 19
(7)
◽
pp. 407-422
2017 ◽
Vol 126
(5B)
◽
pp. 17
Keyword(s):
2017 ◽
Vol 63
(3)
◽
pp. 337-347
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Keyword(s):
2020 ◽
Vol ahead-of-print
(ahead-of-print)
◽
2019 ◽
Vol 37
(15_suppl)
◽
pp. e23029-e23029
2014 ◽
Vol 33
(3)
◽
pp. 373-379
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Keyword(s):