Economics at your fingertips  

Does Inflation Targeting Work Well? Evidence from CEE Countries

Chen Wang ()
Additional contact information
Chen Wang: Research School of Finance (RSFAS), Australian National University, Canberra

Acta Oeconomica, 2016, vol. 66, issue 3, 375-392

Abstract: This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.

Keywords: inflation; inflation targeting; CEE countries; propensity score matching (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2016
Note: I am greatly indebted to Professor Renée Fry-McKibbin and Dr. Gaurab Ayal for their helpful suggestions and advice. I am also grateful to the two anonymous referees for their comments. All remaining errors are my own.
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Akadémiai Kiadó Zrt., Prielle K. u. 21-35. Budapest, 1117, Hungary

Access Statistics for this article

Acta Oeconomica is currently edited by Mihályi, Péter

More articles in Acta Oeconomica from Akadémiai Kiadó, Hungary
Series data maintained by Vajda, Lőrinc ().

Page updated 2017-09-29
Handle: RePEc:aka:aoecon:v:66:y:2016:i:3:p:375-392