Growth effects of inflation targeting revisited: empirical evidence from emerging markets

Beldi Amira Faculty of Economic Sciences and Management of Tunis, University of Tunis El Manar, Tunis, Tunisia

Djelassi Mouldi Higher School of Economics and Business of Tunis, University of Tunis, Tunis, Tunisia; Laboratoire d'Economie d'Orléans, University of Orléans, Orléans, France

Mete Feridun Department of International Business, School of Business, University of Greenwich, London, UK; Faculty of Business and Economics, Eastern Mediterranean University, Gazi Magosa, Mersin 10, TurkeyCorrespondence[email protected]

Abstract

This study investigates the impact of Inflation Targeting (IT) on real economic growth and real economic growth volatility for a panel of 36 emerging economies from 1979 to 2009. The results suggest that although IT regime results in higher economic growth, it does not necessarily guarantee a more stable growth rate.

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Growth effects of inflation targeting revisited: empirical evidence from emerging markets

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Growth effects of inflation targeting revisited: empirical evidence from emerging markets

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