Win or Lose, it’s the policy we choose: Comparative economic performance of the inflation targeters

Edsel Beja

MPRA Paper from University Library of Munich, Germany

Abstract: The inflation-growth relationship for the inflation targeters is estimated for the period 2001-2006. The results show that inflation is negatively correlated with economic growth, while the indicators for aggregate demand and aggregate supply are positively correlated with economic growth. The findings suggest that a combination of economic policies is more fruitful than a singular focus on inflation targeting. This conclusion is applicable to the case of the Philippines, where inflation is often driven by aggregate supply-linked factors rather than demand-linked factors.

Keywords: Inflation targeting; inflation-growth tradeoff (search for similar items in EconPapers)
JEL-codes: E30 (search for similar items in EconPapers)
Date: 2007-04-25, Revised 2007-09-12
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/12784/4/MPRA_paper_12784.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4833

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