The Unassuming Economist

From a paper by Zhongxia Zhang:

“This paper presents a comprehensive panel dataset of 41 Inflation Targeting (IT) countries from 1990 to 2024 regarding their inflation targets, bands, and track records. First, data on inflation targets and bands are collected through each central bank’s historical documents. Second, several rules-based track record measures are calculated for inflation targeting countries over specific past periods to assess actual inflation outcomes with respect to the central banks’ stated policy objectives. The dataset, which covers both developed and developing countries, is useful for empirical research in economics and finance. Potential reuse areas of this dataset include studies on central banks’ adjustments of inflation targets and bands, the interplay between inflation targeting and economic performance, and the relationship between inflation targeting and financial markets.”