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...

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書誌詳細
出版年:MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012)
主要な著者: Neuenkirch, Matthias, Tillmann, Peter
フォーマット: Arbeit
言語:英語
出版事項: Philipps-Universität Marburg 2012
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