Choi, Chi-Young; Kim, Young Se; O'Sullivan, Róisín - In: Southern Economic Journal 77 (2011) 4, pp. 934-957
This article studies the effects of inflation targeting (IT) on relative price variability (RPV) using a data set of twenty countries comprising both targeters and nontargeters. We find that a decline in mean inflation after IT adoption is not necessarily associated with a similar fall in RPV...