Inflation Targeting: New Evidence from Fractional Integration and Cointegration

Abstract

We investigate inflation persistence in six inflation targeting (IT) countries from the globaleconomy perspective. This view maintains that inflation persistence in IT countries has declined mainly because of the decline of inflation persistence in the global economy. We provide empirical evidence on two yet unanswered questions. First, we investigate… (More)

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Cite this paper

@inproceedings{Canarella2016InflationTN, title={Inflation Targeting: New Evidence from Fractional Integration and Cointegration}, author={Giorgio Canarella and Stephen M. Miller}, year={2016} }