Arbeitspapier
The impact of inflation targeting on unemployment in developing and emerging economies
Several countries around the world have adopted the inflation targeting regime for monetary policy. Despite the growing literature on the issue, it is not clear whether developing and emerging countries can improve their economic performance by adopting inflation targeting. This working paper examines the extent to which macroeconomic policies anchored to inflation targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to employment in developing and emerging countries. On the contrary, it might reduce average unemployment and narrow the output gap. Given that the change in regime must be accompanied by institutional and economic reforms to fiscal and exchange rate policies, targeters might be better off than non-targeters. Hence there is no apparent reason to condemn the adoption of the inflation targeting regime by developing and emerging countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 56
- Klassifikation
-
Wirtschaft
- Thema
-
Inflation targeting
Unemployment
Economic growth
Output gap
Inflation Targeting
Arbeitslosigkeit
Wirtschaftswachstum
Gesamtwirtschaftliche Produktion
Entwicklungsländer
Schwellenländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Divino, Jose Angelo
- Ereignis
-
Veröffentlichung
- (wer)
-
International Policy Centre for Inclusive Growth (IPC-IG)
- (wo)
-
Brasilia
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Divino, Jose Angelo
- International Policy Centre for Inclusive Growth (IPC-IG)
Entstanden
- 2009
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