Inflation Targeting Matters in Asia
|Publication:||Policy Letter No. 11, 2010|
|Topic Area:||Macro Finance|
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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