Economic Growth Implications of Inflation Targeting and Inflation Volatility: An Emerging Economy’s Perspective
Raymond Awonatezuaka Achiyaale,
Jennifer Ellah Adaletey,
Simon Akumbo Eugene Mbilla
et al.
Abstract:Purpose: The purpose of this study was to comparatively examine the extent to which inflation targeting and inflation volatility impact on economic growth from an emerging economy’s perspective.
Methodology: Annual data from the World Development Indicator (WDI) and the Bank of Ghana (BoG) from 1985 to 2014 were used for the study. The data was interpolated into quarterly series using E-views. The stationarity characteristics of the variables were tested using the Augmented Dickey-Fuller and the Phillip-… Show more
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