Inflation Targeting: A Victim of Its Own Success

B-Tier
Journal: International Journal of Central Banking
Year: 2015
Volume: 11
Issue: 4
Pages: 259-287

Authors (2)

Christian Gillitzer (not in RePEc) John Simon (Macquarie University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Since the introduction of inflation targeting, inflation expectations have become firmly anchored at target and there has been a flattening of the Phillips curve. These changes mean that a “divine coincidence” between headline inflation and output-gap stabilization is less apparent than when inflation targeting was introduced. This has led some to call for a fundamental reengineering

Technical Details

RePEc Handle
repec:ijc:ijcjou:y:2015:q:4:a:8
Journal Field
Macro
Author Count
2
Added to Database
2026-01-29