Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that have adopted an inflation-targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey's structural time series model to analyse the impact...

Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that have adopted an inflation‐targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey's structural time series model to analyse the...