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...

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...

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...

In There Used to Be Order, Patience Mususa considers social change in the Copperbelt region of Zambia following the re-privatization of the large state mining conglomerate, the Zambia Consolidated Copper Mines (ZCCM), in the mid-1990s. As the copper mines were Zambia’s most important economic asset, the sale of ZCCM was considered a major loss to the country. More ...