Does inflation targeting work well? Evidence from CEE countries

Chen Wang

doi:10.1556/032.2016.66.3.1

Does inflation targeting work well? Evidence from CEE countries

Chen Wang^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.

Original language	English
Pages (from-to)	375-392
Number of pages	18
Journal	Acta Oeconomica
Volume	66
Issue number	3
DOIs	https://doi.org/10.1556/032.2016.66.3.1
Publication status	Published - Sept 2016
Externally published	Yes

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title = "Does inflation targeting work well? Evidence from CEE countries",

abstract = "This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.",

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AB - This article examines the effects of inflation targeting (IT) policy on inflation and output performance. I employ the propensity score matching method for the sample of CEE countries from 1990 to 2010. The evidence suggests that the IT regime does not have a significant effect on the inflation level or the inflation volatility; however, the IT framework can help to increase GDP per capita. The effects on inflation indicators are inconsistent with previous studies. The results are robust to different methodologies.

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Does inflation targeting work well? Evidence from CEE countries

Abstract

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