Inflation Targeting and Macroeconomic Performance since the Great Recession

Thomas Barnebeck Andersen, Nikolaj Malchow-Møller, Jens Nordvig

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Abstrakt

Has inflation targeting (IT) conferred benefits in terms of economic growth on countries that followed this particular monetary policy strategy during the crisis period 2007–13? We answer this question in the affirmative. Countries with an IT monetary regime weathered the crisis much better than did countries with other monetary regimes, particularly countries with fixed exchange rates.
OriginalsprogEngelsk
TidsskriftOxford Economic Papers
Vol/bind67
Udgave nummer3
Sider (fra-til)598-613
Antal sider16
ISSN0030-7653
DOI
StatusUdgivet - jul. 2015
Udgivet eksterntJa

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