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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Gepubliceerd in: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
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Hoofdauteurs: | , |
Formaat: | Arbeit |
Taal: | Engels |
Gepubliceerd in: |
Philipps-Universität Marburg
2012
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Onderwerpen: | |
Online toegang: | PDF Full text |
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