Does Inflation Targeting Matter for EMEs?

Rene Cabral ()

No 20061, Working Papers from Escuela de Graduados en Administración Pública y Políticas Públicas, Campus Monterrey

Abstract: This paper presents an empirical assessment of the performance of EMEs that have adopted inflation targets to conduct monetary policy. In contrast to the evidence previously found for industrial economies, we observe that IT has really mattered for EMEs' price stability. Cross-section and panel estimations consistently suggest that IT has significantly contributed to EMEs' disinflation.

Keywords: Inflation; Prices; EME; EMEs (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2006-07, Revised 2006-12
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:egb:wpaper:20061

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