Series: IMF Working Papers
Author(s): Chorng-Huey Wong , Eric Clifton , and Gene Leon
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2001
Keywords: inflation targeting, credibility, Phillips curve, smooth transition regression models, inflation, central bank, monetary fund, General Aggregative Models: Forecasting and Simulation, Inflation Targeting Credibility,
This paper examines the impact of the introduction of inflation targeting on the unemployment-inflation trade-off in OECD countries. Theoretical models suggest that the credibility-enhancing effects of the adoption...