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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Publicat a: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
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Autors principals: | , |
Format: | Arbeit |
Idioma: | anglès |
Publicat: |
Philipps-Universität Marburg
2012
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Matèries: | |
Accés en línia: | PDF a text complet |
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MAGKS - Joint Discussion Paper Series in Economics