- Title
- Does Inflation Targeting Matter? A Reassessment
- Author(s)
- Luke B. Willard Luke Willard (Princeton University)
- Abstract
- This paper uses a number of identification approaches (using instrumental variables, assumptions about heteroscedasticity and panel fixed effects) to estimate the effect of inflation targeting on inflation. Generally, it finds the effect is small and insignificant.
- Creation Date
- 2006-02
- Section URL ID
- CEPS
- Paper Number
- 120
- URL
- https://gceps.princeton.edu/wp-content/uploads/2017/01/120willard.pdf
- File Function
- Jel
- E31, E52
- Keyword(s)
- Inflation; Monetary policy
- Suppress
- false
- Series
- 3