Series: IMF Working Papers
Author(s): Christopher Crowe
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2006
Keywords: inflation forecasts, central bank transparency, propensity score matching, central bank, Asymmetric and Private Information,
I test whether inflation targeting (IT) enhances transparency using inflation forecast data for 11 IT adoption countries. IT adoption promotes convergence in forecast errors, suggesting that it enhances transparenc...