Inflation Targeting, Credibility, and Non-Linear Taylor Rules

Inflation Targeting, Credibility, and Non-Linear Taylor Rules

In this paper we systematically evaluate how central banks respond to deviations from the inflation target. We present a stylized New Keynesian model in which agents' inflation expectations are sensitive to deviations from the inflation target. To (re-)establish credibility, monetary policy und...

पूर्ण विवरण

में बचाया:
ग्रंथसूची विवरण
में प्रकाशित:MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012)
मुख्य लेखकों: Neuenkirch, Matthias, Tillmann, Peter
स्वरूप: Arbeit
भाषा:अंग्रेज़ी
प्रकाशित: Philipps-Universität Marburg 2012
विषय:
Wirtschaft
inflation expectations
Credibility
Taylor rule.
monetary policy
Economics
ऑनलाइन पहुंच:पीडीएफ पूर्ण पाठ
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