Empirical evidence from fourteen countries with explicit inflation targeting

Helder de Mendonça ()

Applied Economics Letters, 2007, vol. 14, issue 8, 573-576

Abstract: This article attempts to contribute to the empirical research on inflation targeting (IT) making an inquiry of the relation between macroeconomic variables for 14 countries with explicit IT. The main results denote that the adoption of IT is a good framework for reducing inflation, and thus contributes to diminish interest rate without apparent costs on economic growth, although unemployment increases.

Date: 2007
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DOI: 10.1080/13504850500461464

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