Does inflation targeting really make a difference? Evaluating the treatment effect of inflation targeting in seven industrial countries

324 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Inflation Targeting: What Have We Learned? (2009, methodology): “Of course, we can try to assess what did happen in a non-inflation targeting country that we feel is similar to an inflation targeter, and this is the approach adopted in the propensity score matching methodology (Wu 2004; Vega and Winkelried 2005; Willard 2006; Lin and Ye 2007).”
Inflation Targeting in Emerging Economies: Panel Evidence (2010, background): “Lin and Ye's (2009) sample of emerging economies covers 1985 to 2005 and contains 52 countries, with 19 of them different from our unified sample. Biondi and Toneto's (2008) sample from 1995 to 2004 has a total of 51 countries, both industrial and developing.”
Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence (2008, unknown): “44 ECB Working Paper Series No 898 May 2008 What is to be made of these disparate results? Mishkin and Schmidt-Hebbel (2007) emphasize that a judgment on the effectiveness of inflation targeting in bringing down inflation depends crucially on the choice of the control group.”