Inflation Targeting and Macroeconomic Performance since the Great Recession

Thomas Barnebeck Andersen, Nikolaj Malchow-Møller, Jens Nordvig

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

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.

Original languageEnglish
JournalOxford Economic Papers
Volume67
Issue number3
Pages (from-to)598-613
ISSN0030-7653
DOIs
Publication statusPublished - 1. Jul 2015

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