Inflation Targeting Dataset: Inflation Targets, Bands, and Track Records

This panel dataset contains quarterly series on inflation targets, bands, and track records for 41 inflation targeting countries from 1990 to 2024. Data on inflation targets and bands are collected through each central bank’s historical documents and rules-based track record measures are calculated by the author to assess actual inflation outcomes with respect to the central banks’ stated policy objectives. The dataset supports research work in Zhang (2025), Zhang and Wang (2022), and Zhang (2021). Please cite the papers when using the data.

Z. Zhang, Does inflation targeting track record matter for asset prices? Evidence from stock, bond, and foreign exchange markets, Journal of International Financial Markets, Institutions and Money, Volume 101, 2025, 102141.
Z. Zhang, S. Wang, Do actions speak louder than words? Assessing the effects of inflation targeting track records on macroeconomic performance, 2022, IMF Working Papers 2022/227.
Z. Zhang, Stock returns and inflation redux: An explanation from monetary policy in advanced and emerging markets, 2021, IMF Working Papers 2021/219.

搜集汇总

背景与挑战

背景概述

该数据集是一个面板数据集，覆盖41个通货膨胀目标制国家从1990年至2024年的季度数据，包括通货膨胀目标、目标区间和政策执行记录。数据来源于各国央行历史文件，并计算了政策执行记录以评估实际通货膨胀表现，支持相关学术研究。