TY - BOOK ID - 84550287 TI - Inflation Targeting and the Crisis : An Empirical Assessment AU - de Carvalho Filho, Irineu. AU - International Monetary Fund. PY - 2010 SN - 1462325483 1452797471 1283557274 1451918909 9786613869722 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Inflation (Finance) KW - Monetary policy. KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Finance KW - Natural rate of unemployment KW - Banks and Banking KW - Finance: General KW - Inflation KW - Money and Monetary Policy KW - Interest Rates: Determination, Term Structure, and Effects KW - Monetary Policy KW - Price Level KW - Deflation KW - General Financial Markets: General (includes Measurement and Data) KW - Monetary economics KW - Banking KW - Macroeconomics KW - Inflation targeting KW - Central bank policy rate KW - Real interest rates KW - Emerging and frontier financial markets KW - Interest rates KW - Monetary policy KW - Prices KW - Financial services industry KW - Venezuela, República Bolivariana de UR - https://www.unicat.be/uniCat?func=search&query=sysid:84550287 AB - This 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. We find that since August 2008, IT countries lowered nominal policy rates by more and this loosening translated into an even larger differential in real interest rates relative to other countries; were less likely to face deflation scares; and saw sharp real depreciations not associated with a greater perception of risk by markets. We also find some weak evidence that IT countries did better on unemployment rates and advanced IT countries have had relatively stronger industrial production performance. Finally, we find that advanced IT countries had higher GDP growth rates than their non-IT peers, but find no such difference for emerging countries or the full sample. ER -