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| Author: | Carare, A. Stone, M.R. |
| Title: | Inflation targeting regimes |
| Journal: | European Economic Review
2006 : JUL, VOL. 50:5, p. 1297-1315 |
| Index terms: | central banks inflation monetary policy |
| Language: | eng |
| Abstract: | This article examines inflation targeting. The authors divide the monetary frameworks of countries that use an inflation target to define their monetary framework into three categories: (1) full-fledged inflation targeting, (2) implicit price stability anchor, and (3) inflation targeting lite. The revealed preference for different categories is linked empirically to cross-country structural differences in economic and financial development. |
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