The United Kingdom's Experience with Inflation Targeting

The United Kingdom's Experience with Inflation Targeting
This paper reviews the first five years' experience with inflation targeting in the United Kingdom. It concludes that inflation performance was not significantly different under inflation targeting than predicted by a VAR model estimated in the period prior to participation in the exchange rate mechanism (ERM). Both short- and long-term interest... READ MORE...

Publication date: June 1998
ISBN 9781451850994
$15.00

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