Quantifying the Causal Effect of Inflation Targets

This paper seeks to evaluate the benefit that the regime of inflation targeting brought in the nineties. The paper concentrates in measuring, through matching estimators, to what extent can the process of inflationary deceleration of the period be attributed exclusively to this scheme. Results show that countries that adopted inflation targets saw their level of inflation reduced by between zero and 3%, depending on the sub-period considered.

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Year of publication:	2005-12
Authors:	Lorca, Jorge
Institutions:	Banco Central de Chile

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Extent:	application/pdf
Series:	Working Papers Central Bank of Chile.
Type of publication:	Book / Working Paper
Language:	Spanish
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005538729