Who chooses to inflation target?

Who chooses to inflation target?

In this article, we seek what are the factors behind a country's decision to move to Inflation Targeting. We find that high past inflation, low debt levels and the absence of a nominal exchange rate anchor increase the probability that a country will end up opting for it.

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Veröffentlicht in:Economics letters 2008-05, Vol.99 (2), p.410-413
Hauptverfasser: Gonçalves, Carlos Eduardo S., Carvalho, Alexandre
Format: Artikel
Sprache:eng
Schlagworte:
Exchange rates
Inflation targeting
Monetary economics
Monetary policy
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Zusammenfassung:In this article, we seek what are the factors behind a country's decision to move to Inflation Targeting. We find that high past inflation, low debt levels and the absence of a nominal exchange rate anchor increase the probability that a country will end up opting for it.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2007.09.022