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Do Inflation Targeters Outperform Non-Targeters?

Resource Type
Dataset : survey data
  • Dueker, Michael J. (Federal Reserve Bank of St. Louis)
  • Fischer, Andreas (Swiss National Bank)
Other Title
  • Version 1 (Subtitle)
Publication Date
Funding Reference
  • Federal Reserve Bank of St. Louis. Research Division
Free Keywords
inflation; monetary policy
  • Abstract

    Ten years of empirical studies of inflation targeting have not uncovered clear evidence that monetary policy that incorporates formal targets imparts better inflation performance. The authors survey the literature and find that the "no difference" verdict concerning inflation targeting has been robust to a wide range of countries and methods of analysis, starting with a study by Dueker and Fischer (1996a). The authors present updated Markov-switching estimates from the original Dueker and Fisher (1996a) article and show that their early conclusions about inflation targeting among early adopters have not been overturned with an additional decade of data. These findings to date do not rule out the possibility, however, that formal inflation targets could prove pivotal if the global environment of disinflation were to reverse course.
  • Table of Contents


    • DS1: Dataset
Collection Mode
  • (1) The files submitted are the data files in and the program files in (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

This study is freely available to the general public via web download.
Alternative Identifiers
  • 1336 (Type: ICPSR Study Number)
  • Dueker, Michael J., Fischer, Andreas. Do inflation targeters outperform non-targeters?. Federal Reserve Bank of St. Louis Review.88, (5), 431-450.2006.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Dueker, Michael J.; Fischer, Andreas (2006): Do Inflation Targeters Outperform Non-Targeters?. Version 1. Version: v1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.