Economics, Econometrics and Finance
4 years ago

Inflation targeting boosts stability in OECD countries, Turkey lags behind.

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JOEEP: Journal of Emerging Economies and Policy
Enflasyon Hedeflemesi Rejimi ve Seçili OECD Üyesi Ülkelerde Uygulanışı
Hanife Behice Karakaya

Paper Summary

Inflation targeting is a monetary policy used to control prices. The study looked at how well this policy worked in certain OECD countries. They found that New Zealand, Canada, and the UK successfully implemented inflation targeting, while Turkey did not reach its goal yet.