2004Economic SynopsesOpen access

Does Inflation Targeting Make a Difference?

Jeremy Piger

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Abstract

Despite the popularity of inflation targeting around the world, and a general perception that it “works,” most early research studies found little evidence that economic performance in non-inflation-targeting countries had suffered because they did not adopt inflation targeting.

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Despite the popularity of inflation targeting around the world, and a general perception that it “works,” most early research studies found little evidence that economic performance in non-inflation-targeting countries had suffered because they did not adopt inflation targeting.

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Available abstract

Despite the popularity of inflation targeting around the world, and a general perception that it “works,” most early research studies found little evidence that economic performance in non-inflation-targeting countries had suffered because they did not adopt inflation targeting.

Key concepts: Inflation targeting, Inflation (cosmology), Economics, Monetary policy, Monetary economics, Real interest rate, Popularity, Political science

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