STICKY INFLATIONARY EXPECTATIONS AND INFLATION TARGETING IN (SOME) EMERGING AND LESS DEVELOPED ECONOMIES
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1 juin 2021
- handle: 10670/1.mwi41m
Ce document est lié à :
10.15446/cuad.econ.v40n82.79547
info:eu-repo/semantics/openAccess
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Targeting, InflationCiter ce document
Santiago Taboada et al., « STICKY INFLATIONARY EXPECTATIONS AND INFLATION TARGETING IN (SOME) EMERGING AND LESS DEVELOPED ECONOMIES », Cuadernos de Economía, ID : 10670/1.mwi41m
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Résumé
We describe the experience of some economies that struggle to consolidate Inflation Targeting. We document the resilience of inflationary expectations during the first years after adoption by Israel, Brazil, Guatemala, Mexico, South Africa, and Turkey. The benchmark case of New Zealand is also described, and the experience of Argentina is presented as one of the few examples where Inflation Targeting failed and was eventually abandoned. JEL: E31, E50, E52, E58.