Valera, Harold Glenn A.; Holmes, Mark J.; Hassan, Gazi M. - In: Journal of Economic Studies 45 (2018) 5, pp. 932-955
Purpose: The purpose of this paper is to consider whether or not the introduction of inflation targeting (IT) impacts on the mean-reversion properties of inflation and output growth. Design/methodology/approach: Focusing on eight Asian countries of which four are inflation-targeters, the...