01712cas a2200241 a 4500 AALejournalIMF001696 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875041 1018-5941 BD-DhAAL BD-DhAAL Nadal De Simone, Francisco. An Investigation of Output Variance Before and During Inflation Targeting / Francisco Nadal De Simone. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate 'too low and stable' will likely result in relatively larger output fluctuations. Following the generalized reduction in inflation variance in the 1990s, that concern was rekindled. This study estimates whether conditional output variance has changed in a sample of 12 countries. With the possible exception of Canada, there is no evidence of an increase in output variance. Either output variance has not changed (i.e., in Korea and Singapore) or has fallen (i.e., in Australia and New Zealand). Mode of access: Internet IMF Working Papers; Working Paper ; No. 2001/215 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/215/001.2001.issue-215-en.xml IMF e-Library