01726cas a2200253 a 4500 AALejournalIMF002407 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855135 1018-5941 BD-DhAAL BD-DhAAL Sheridan, Niamh. Does Inflation Targeting Matter? / Niamh Sheridan, Laurence Ball. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (36 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 This paper asks whether inflation targeting improves economic performance, as measured by the behavior of inflation, output, and interest rates. We compare 7 OECD countries that adopted inflation targeting in the early 1990s to 13 that did not. After the early 1990s, performance improved along many dimensions for both targeting and nontargeting countries. In some cases, the targeters improved by more. However, these differences are explained by the fact that targeters performed worse than nontargeters before the early 1990s, and there is regression towards the mean. Once one controls for this, there is no evidence that inflation targeting improves performance. Mode of access: Internet Ball, Laurence. IMF Working Papers; Working Paper ; No. 2003/129 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/129/001.2003.issue-129-en.xml IMF e-Library