TY - JOUR ID - 23201 TI - The Effects of Inflation Targating on Macroeconomic Performance: Inflaction and Growth JO - Journal of Economic Research (Tahghighat- E- Eghtesadi) JA - JTE LA - en SN - 0039-8969 AU - Yadollehzadeh Tabari, Naser Ali AU - Baradaran Shoraka, Hamid Reza AD - Y1 - 2011 PY - 2011 VL - 46 IS - 2 SP - 243 EP - 272 KW - Cross country KW - growth rate KW - Inflation KW - Inflation Targeting KW - panel KW - variability DO - N2 - The main purpose of this research has been to investigate whether inflation targeting improves macroeconomic performance as measured by the behavior of inflation, economic output and their variability among the countries employing inflation targeting. In this regard we have looked for empirical evidence in a world sample of 21 developed and developing inflation targeting countries before and after their adoption of inflation targeting and compared their performance to a control group of 33 developed and developing countries which did not employ inflation targeting. We followed previous research procedures by testing for systemic differences in macroeconomic variables such as inflation levels between inflation targeting and non-targeting countries compared to previous levels of that variable. Our evidence as related to the different control groups suggests that inflation targeting generally helps countries to improve macroeconomic performance: - Inflation targeting helps countries achieve lower inflation and less variability - Inflation targeting reduces variability of growth rate - There is no obvious evidence about variability of growth rate JEL Classification: E25 , E58 UR - https://jte.ut.ac.ir/article_23201.html L1 - https://jte.ut.ac.ir/article_23201_a88e574037fa8034ee3a22698616137e.pdf ER -