Does Inflation Targeting Really Promote Economic Growth?

References

• Alesina, A., and L. Summers. 1993. ‘Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence.’ Journal of Money, Credit and Banking 25 (2): 151–162.
   Web of Science ®Google Scholar
• Balima, H., E. Kilama, and R. Tapsoba. 2017. ‘Settling the Inflation Targeting Debate: Lights from a Meta-Regression Analysis.’ IMF Working Paper.
   Google Scholar
• Ball, L., and N. Sheridan. 2003. ‘Does Inflation Targeting Matter?’ Cambridge, MA: National Bureau of Economic Research. NBER Working Paper No. 9577.
   Google Scholar
• Barro, J. R. 1996. ‘Inflation and Economic Growth.’ NBER Working Paper No. 5326.
   Google Scholar
• Barro, J. R., and X. Sala-i-Martin. 2004. Economic Growth. Cambridge: The MIT Press.
   Google Scholar
• Bassanini, A., and R. Duval. 2006. ‘The Determinants of Unemployment Across OECD Countries: Reassessing the Role of Policies and Institutions.’ OECD Economic Studies, No. 42.
   Google Scholar
• Bernanke, B. S., T. Laubach, F. S. Mishkin, and A. S. Posen. 1999. Inflation Targeting: Lessons from the International Experience. Princeton, NJ: Princeton University Press.
   Google Scholar
• Brito, R. D., and B. Bystedt. 2010. ‘Inflation Targeting in Emerging Economics: Panel Evidence.’ Journal of Development Economics 91 (2): 198–210.
   Web of Science ®Google Scholar
• De Mendonca, H. F., and G. J. De Guimarães e Souza. 2012. ‘Is Inflation Targeting a Good Remedy to Control Inflation?’ Journal of Development Economics 98: 178–191.
   Web of Science ®Google Scholar
• Dogan, T. 2012. ‘Macroeconomic Variables and Unemployment: The Case of Turkey.’ International Journal of Economics and Financial Issues 2 (1): 71–78.
   Google Scholar
• Dollar, D., and A. Kraay. 2002. ‘Growth Is Good for the Poor.’ Journal of Economic Growth 7: 195–225.
   Web of Science ®Google Scholar
• Ferris, J. S., and J. Galbraith. 2006. ‘On Hayek's Denationalization of Money, Free Banking and Inflation Targeting.’ European Journal of the History of Economic Thought 13 (2): 213–231.
   Web of Science ®Google Scholar
• Gemayel, E., S. Jahan, and A. Peter. 2011. ‘What Can Low-Income Countries Expect from Adopting Inflation Targeting?’ IMF Working Paper.
   Google Scholar
• Goodfriend, M., and R. King. 2005. ‘The Incredible Volcker Disinflation.’ Journal of Monetary Economics 52: 981–1015.
   Web of Science ®Google Scholar
• Hammond, G. 2012. State of the Art of Inflation Targeting. Handbook No. 29. London: Bank of England, Centre for Central Banking Studies.
   Google Scholar
• Hayek, F. 1976. Denationalisation of Money: An Analysis of the Theory and Practice of Concurrent Currencies. London: Institute of Economic Affairs.
   Google Scholar
• Huang, H.-C., and C.-C. Yeh. 2014. ‘Inflation Targeting on Unemployment Rates: A Quantile Treatment Effect Approach.’ Applied Economics Letters 21 (7): 453–458.
   Web of Science ®Google Scholar
• Keynes, J. M. 1924. A Tract on Monetary Reform. London: MacMillan.
   Google Scholar
• Lavoie, M., and M. Seccareccia. 2012. ‘Monetary Policy in a Period of Financial Chaos: The Political Economy of the Bank of Canada in Extraordinary Times.’ In Monetary Policy and Central Banking: New Directions in Post-Keynesian Theory, edited by L.-P. Rochon, and S. Y. Olawoye. Cheltenham: Edward Elgar.
   Google Scholar
• Loayza, N., P. Fajnzylber, and C. Calderon. 2002. Economic Growth in Latin America and the Caribbena: Stylized Facts, Explanations and Forecasts. Mimeographed. Washington, DC: The World Bank.
   Google Scholar
• Lopez, H. 2005. ‘Pro-Poor Growth: How Important is Macroeconomic Stability?’ Mimeographed. Washington, DC: The World Bank.
   Google Scholar
• Mankiw, N. G., D. Romer, and N. Weil. 1992. ‘A Contribution to the Empirics of Economic Growth.’ Quarterly Journal of Economics 107 (2): 407–437.
   Web of Science ®Google Scholar
• Miller, S., W. Fang, and O. Eren. 2012. ‘Inflation Targeting: Does It Improve Economic Performance?.’ University of Nevada. Department of Economics Working Papers 1207.
   Google Scholar
• Orphanides, A., and J. Williams. 2004. ‘Imperfect Knowledge, Inflation Expectations, and Monetary Policy.’ In The Inflation-Targeting Debate, edited by B. Bernanke, and M. Woodford. Chicago: University of Chicago Press.
   Google Scholar
• Rosenbaum, P. 2002. Observational Studies. New York: Springer.
   Google Scholar
• Rosenbaum, R., and B. Rubin. 1983. ‘The Central Role of the Propensity Score in Observational Studies for Causal Effects.’ Biometrika 70: 41–55.
   Web of Science ®Google Scholar
• Sargent, T. 1982. ‘The Ends of Four Big Inflations.’ In Inflation, edited by R. Hall. Chicago: University of Chicago Press.
   Google Scholar
• Seccareccia, M. 1998. ‘Wicksellian Norm, Central Bank Real Interest Rate Target and Macroeconomic Performance.’ In The Political Economy of Central Banking, edited by P. Arestis, and M. C. Sawyer. Cheltenham: Edward Elgar.
   Google Scholar
• Seccareccia, M., and N. Khan. 2019. ‘The Illusion of Inflation Targeting: Have Central Banks Figured out What They are Actually Doing Since the Global Finance Crisis? An Alternative to the Mainstream Perspective.’ International Journal of Political Economy 48 (4): 364–380.
   Web of Science ®Google Scholar
• Seim, A. L., and J. Zetterberg. 2013. ‘Testing the Impact of Inflation Targeting and Central Bank Independence on Labour Market Outcomes.’ Oxford Economic Papers 65 (2): 240–267.
   Web of Science ®Google Scholar
• Sims, C. A. 2004. ‘Limits to Inflation Targeting.’ In The Inflation-Targeting Debate, edited by B. Bernanke, and M. Woodford. Chicago: University of Chicago Press.
   Google Scholar
• Svensson, L. 1997. ‘Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets.’ European Economic Review 4: 1111–1146.
   Web of Science ®Google Scholar
• Vega, M., and D. Winkelried. 2004. ‘Inflation Targeting and Inflation Behavior: A Successful Story?” Munich Personal RePEc Archive. Paper No. 838.
   Google Scholar
• Volcker, P. 1979. ‘Statement Before the Joint Economic Committee of the U.S. Congress.’ Reprinted in Federal Reserve Bulletin 65 (11): 888–890.
   Google Scholar
• Walsh, C. 2009. ‘Inflation Targeting: What Have we Learned?’ International Finance 12 (2): 195–233.
   Web of Science ®Google Scholar
• Wicksell, K. 1898. Interest and Prices: A Study of the Causes Regulating the Value of Money. London: Macmillan & Co.
   Google Scholar