Laurenceson, James (contributor); Qin, Fengming (contributor) - 2005
budget constraint. Thus,
the success of inflation targeting in OECD economies over the past couple of decades is
of limited … suggests that it
does. The strongest results concern inflation. Pegged exchange rates are
10
associated with significantly … better inflation performance (lower inflation
and less variability), and there is at least some evidence of a causal …