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Applied Economics Letters Volume 20, 2013 - Issue 6
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Original Articles

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]
Pages 587-591 | Published online: 13 Sep 2012
 
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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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