Comparative case studies of the effects of inflation targeting in emerging economies
This paper examines the question of whether inflation targeting is an effective policy tool in emerging economies using a novel non-experimental evaluation approach. In particular, we adopt synthetic control methods to assess the effect that inflation targeting has had on each emerging economy that adopted such policies in the 1990s and 2000s. The evidence suggests that inflation targeting helped Colombia, the Czech Republic, Hungary and Poland reduce their inflation rates. Although Chile is often regarded as a poster child for inflation targeting policies in emerging economies, no significant reductions in inflation levels were found when a later policy start date some analysts believe to be more reflective of the true policy adoption date was used. Copyright 2011 Oxford University Press 2010 All rights reserved, Oxford University Press.
Year of publication: |
2011
|
---|---|
Authors: | Lee, Wang-Sheng |
Published in: |
Oxford Economic Papers. - Oxford University Press. - Vol. 63.2011, 2, p. 375-397
|
Publisher: |
Oxford University Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Height, Weight and Well-Being for Rural, Urban and Migrant Workers in China
Lee, Wang-Sheng, (2015)
-
Engaging in Corruption: The Influence of Cultural Values and Contagion Effects at the Micro Level
Lee, Wang-Sheng, (2013)
-
The Marital Satisfaction of Differently-Aged Couples
Lee, Wang-Sheng, (2017)
- More ...