Gupta, Rangan; Uwilingiye, Josine - Department of Economics, Faculty of Economic and … - 2009
Recent empirical evidence on the direct link of inflation targeting and inflation volatility is at best mixed. However …, comparing inflation volatility across alternative monetary policy regimes within a country based on conventional ways, used in … previous studies, begs the question. The question is not whether the volatility of inflation has changed, but rather whether …