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• W655455940 abstract "This paper examines the performance of the ‘pioneer’ inflation targeting countries, namely, New Zealand, Australia, Canada, United Kingdom and Israel. The inflation targeting framework in these countries are generally similar, except that of Israel, which has a dual target (inflation and exchange rate). Results suggest that these countries have successfully managed to bring inflation down to a low and stable level. The framework has also enabled to reduce the second and third round effects of one-off shocks to inflation. Moreover, the framework did not seem to have caused output volatility, as initially expected by some policymakers. In fact, in these countries inflation targeting framework has supplemented economic growth." @default.
• W655455940 created "2016-06-24" @default.
• W655455940 creator A5011283179 @default.
• W655455940 date "2003-01-01" @default.
• W655455940 modified "2023-09-23" @default.
• W655455940 title "INFLATION TARGETING - COUNTRY EXPERIENCES" @default.
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• W655455940 hasPublicationYear "2003" @default.
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