Razzak, Weshah; Nasser, Rabie - Economics and Econometrics Research Institute (EERI) - 2008
We use a variety of nonparametric test statistics to evaluate the inflation- targeting regimes of Australia, Canada, New Zealand, Sweden and the UK. We argue that a sensible approach of evaluation must rely on a variety of methods, among them parametric and nonparametric econometric methods, for...