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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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| 发表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
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| Autoren: | , |
| 格式: | Arbeit |
| 语言: | 英语 |
| 出版: |
Philipps-Universität Marburg
2012
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| 主题: | |
| 在线阅读: | PDF-Volltext |
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