Inflation targeting and product market deregulation

Laura Moretti ()

Journal of Macroeconomics, 2014, vol. 40, issue C, 372-386

Abstract: I evaluate the effect of inflation targeting on inflation and how it interacts with product market deregulation during the disinflationary process in the 1990s. Using a sample of 21 OECD countries, I show that, after controlling for product market deregulation, the effect of inflation targeting is quantitatively important and statistically significant. Moreover, product market deregulation also matters in particular in countries that adopted an inflation targeting regime.

Keywords: Inflation targeting; Product market deregulation; Differences-in-differences (search for similar items in EconPapers)
JEL-codes: E31 E58 E65 L51 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:40:y:2014:i:c:p:372-386

DOI: 10.1016/j.jmacro.2014.01.012

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