Below is a table of some inflation targeting countries and the years in which they adopted the
Question:
Country Year of adoption
New Zealand................................1990
Chile...........................................1991
Canada......................................,.1991
Israel..........................................1991
Sweden.......................................1993
Finland........................................1993
Australia.....................................1994
Brazil.........................................1999
Mexico.......................................1999
South Africa................................2000
Indonesia....................................2005
Go to the International Monetary Fund's most recent World Economic Outlook database (accessible directly or through www.imf.org) and collect the annual inflation rate series PCPIEPCH for these countries, starting in 1980. Then graph the data for each country using Excel or some other data analysis package. Just looking at the data, does inflation appear to behave differently after the adoption of inflation targeting?
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Related Book For
International Finance Theory and Policy
ISBN: 978-0133423648
10th edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
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