The Choice of Adopting Inflation Targeting in Emerging Market Economies: Do Institutions Matter?
Mardi | 2010-02-23 B103 Yannick LUCOTTE – Grégory LEVIEUGE Over the last decade, a growing number of emerging market economies has adopted inflation targeting as monetary policy framework. In a recent paper, Freedman and Laxton (2009) ask the question “Why Inflation Targeting?”. This paper empirically investigates this question by analyzing a large set of institutional and political factors potentially associated with a country’s choice of IT in a sample of 50 emerging countries over the period of 1986-2005. Using a […]