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.
Andersen, T. B., Malchow-Møller, N., & Nordvig, J. (2015). Inflation Targeting and Macroeconomic Performance since the Great Recession. Oxford Economic Papers, 67(3), 598-613. https://doi.org/10.1093/oep/gpv024