OUTPUT VOLATILITY AND EXCHANGE RATE CONSIDERATIONS UNDER INFLATION TARGETING : A REVIEW
The objective of the paper is to offer a critique on the theoretical and empirical literature on inflation targeting (IT). It seems to exist a consensus in the theoretical literature that this monetary regime reduces both inflation and output volatility, mainly through building monetary policy credi...
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| Format: | Article |
| Language: | English |
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EconJournals
2012-01-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/281/pdf |