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...

Descripción completa

Guardado en:
Detalles Bibliográficos
Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012)
Autores principales: Neuenkirch, Matthias, Tillmann, Peter
Formato: Arbeit
Lenguaje:inglés
Publicado: Philipps-Universität Marburg 2012
Materias:
Wirtschaft
inflation expectations
Credibility
Taylor rule.
monetary policy
Economics
Acceso en línea:Texto Completo PDF
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
MAGKS - Joint Discussion Paper Series in Economics

Ejemplares similares