Inflation targeting matters in Asia

Publication: Policy Letter No. 11, 2010
Topic Area: Macro Finance
Authors: Stefan Gerlach,
Peter Tillmann
Date: Oct 2010
Keywords: inflation targeting
Abstract:

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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