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...

Cur síos iomlán

Sábháilte in:
Sonraí bibleagrafaíochta
Foilsithe in:MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012)
Príomhchruthaitheoirí: Neuenkirch, Matthias, Tillmann, Peter
Formáid: Arbeit
Teanga:Béarla
Foilsithe / Cruthaithe: Philipps-Universität Marburg 2012
Ábhair:
Wirtschaft
inflation expectations
Credibility
Taylor rule.
monetary policy
Economics
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