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- W4386798051 abstract "This article summarizes the empirical evidence on macroeconomic effects of inflation targeting. Specifically, the paper focuses on the effects of inflation targeting on interest rates, exchange rates, and fiscal outcomes. The main findings from our review are as follows: the empirical evidence regarding the impact of inflation targeting on interest rates is contradictory; the empirical research suggests that inflation targeting may have differential effects on exchange-rate volatility in advanced economies versus emerging market economies; although the empirical evidence on the impact on fiscal policy is quite limited, it supports the idea that inflation targeting improves fiscal discipline." @default.
- W4386798051 created "2023-09-17" @default.
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- W4386798051 date "2023-01-01" @default.
- W4386798051 modified "2023-09-27" @default.
- W4386798051 title "Macroeconomic effects of inflation targeting" @default.
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- W4386798051 doi "https://doi.org/10.1016/b978-0-44-313776-1.00136-7" @default.
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