Cip Inflation Targeting and Its Effects on Macroeconomic Performance

  title={Cip Inflation Targeting and Its Effects on Macroeconomic Performance},
  author={Th{\'o}rarinn G. P{\'e}tursson},
  • Thórarinn G. Pétursson
  • Published 2005
An increasing number of countries have adopted inflation targeting since New Zealand first adopted this framework in early 1990. Currently there are 21 countries using inflation targeting in every continent of the world. This paper discusses the characteristics of these countries and how the adoption of inflation targeting has affected their economic performance along several dimensions. The main conclusion is that inflation targeting has largely been a success. The new framework has made… CONTINUE READING
3 Extracted Citations
51 Extracted References
Similar Papers

Referenced Papers

Publications referenced by this paper.
Showing 1-10 of 51 references

Formulation of inflation targeting around the world

  • T. G. Pétursson
  • Central Bank of Iceland, Monetary Bulletin,
  • 2004
Highly Influential
7 Excerpts

Inflation Targeting in the World Economy, Washington: Institute for International Economics

  • E. M. Truman
  • 2003
Highly Influential
20 Excerpts

Inflation targeting regimes

  • A. Carare, M. Stone
  • IMF Working Paper, WP/03/9. International…
  • 2003
Highly Influential
6 Excerpts

The effect of inflation targeting on the behavior of expected inflation: Evidence from an 11 country panel

  • D. Johnson
  • Journal of Monetary Economics,
  • 2002
Highly Influential
5 Excerpts

Assessing inflation targeting after a decade of world experience

  • V. Corbo, K. O. Landerretche
  • Schmidt-Hebbel
  • 2001
Highly Influential
4 Excerpts

Adopting inflation targeting: Practical issues for emerging countries

  • A. Schaechter, M. R. Stone, M. Zelner
  • Occasional Paper 202. International Monetary Fund…
  • 2000
Highly Influential
9 Excerpts

Open-economy inflation targeting

  • L.E.O. Svensson
  • Journal of International Economics,
  • 2000
Highly Influential
5 Excerpts

Similar Papers

Loading similar papers…