Why did inflation targeting fail in Argentina?

•Inflation targeting was implemented and failed in Argentina in 2016.•Inflation targeting suffered from implementation inconsistencies.•A negative credibility shock accelerated the loss of control of the inflation targeting regime. Argentina’s experience with inflation targeting started in 2016 and...

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Veröffentlicht in:	The Quarterly review of economics and finance 2021-05, Vol.80, p.102-116
Hauptverfasser:	Cachanosky, Nicolás, Ferrelli Mazza, Federico Julián
Format:	Artikel
Sprache:	eng
Schlagworte:	Argentina Central bank credibility Expectations Inflation (Finance) Inflation targeting Shock
Online-Zugang:	Volltext
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