期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2005
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：In this paper we examine the time series properties of inflation in seven countries that have adopted inflation
targeting. Unlike previous studies we utilize a non-linear mean reverting adjustment mechanism for inflation and we
discover that although deviations of inflation from the target can exhibit a region of non-stationary behavior, overall
they are stationary indicating successful targeting implementation.
