Inflation Target x Crisis (Carvalho Filho)

Irineu de Carvalho Filho published the paper Inflation Targeting and the Crisis: An Empirical Assessment (IMF) . This IMF paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. They also find some weak evidence that IT countries did better on unemployment rates and advanced IT countries have had relatively stronger industrial production performance.