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...
-д хадгалсан:
-д хэвлэсэн: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
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Үндсэн зохиолчид: | , |
Формат: | Arbeit |
Хэл сонгох: | англи |
Хэвлэсэн: |
Philipps-Universität Marburg
2012
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Нөхцлүүд: | |
Онлайн хандалт: | PDF-н бүрэн текст |
Шошгууд: |
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