CEPR: inflation targeting a success in Asia
A Centre for Economic Policy Research paper published in October shows Asian countries that have adopted inflation targeting regimes have experienced low inflation persistence.
Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. Stefan Gerlach and Peter Tillmann, the paper's authors, explore the success of the policy in Asia, using an autoregressive model for inflation to measure its persistence in South Korea, Indonesia, Thailand, and
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