Inflation Targeting and Macroeconomic Performance Since the Great Recession:

Abstract (March 2015, Oxford Economic Papers)

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.

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