Inflation Targeting Matters in Asia

Policy Letter No. 11, 2010

Stefan Gerlach,
Peter Tillmann
Research Area:
Macro Finance
Oct 2010
inflation targeting

Following the Asian financial crisis of 1997-98, many of the region’s countries adopted inflation targeting. This column compares the persistence of inflation between those with inflation targeting and those without, finding that inflation persistence falls in the former. Nevertheless, the behaviour of inflation still varies across inflation-targeting economies.

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