Inflation Targeting Regimes (Oreiro and Rocha)

Inflation targeting regimes, institutional flexibility and growth performance: a Keynesian/Kaldorian perspective in a dynamic panel analysis by José L. Oreiro and Marcos Rocha. Indicated by Oreiro, “The objetive of this paper is to investigate if Inflation Targeting Regime (hereafter ITR) institutional design has any relationship with growth performance of ITR countries. This result supports the main empirical hypothesis of this paper according to which the level of institutional flexibility of an ITR has a positive relationship with output performance of the ITR countries.” PDF Attached.