Inflation Targeting and Macroeconomic Stabilization

Mehdi Monadjemi and John Lodewijks

Research in World Economy, 2014, vol. 5, issue 2, 93-98

Abstract: Inflation targeting has been a key objective of the European Monetary Union. This article presents empirical evidence indicating that this macroeconomic objective has been successfully achieved. However, despite expectations that inflation control would provide the foundation for robust and healthy growing economies, other important macroeconomic outcomes have not been achieved. This suggests that inflation targeting is not a sufficient condition for macroeconomic stabilization.

Keywords: central banking; inflation targeting; macroeconomic stabilization; financial crises (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:5:y:2014:i:2:p:93-98

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