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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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| Publicado no: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
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| Principais autores: | , |
| Formato: | Arbeit |
| Idioma: | inglês |
| Publicado em: |
Philipps-Universität Marburg
2012
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| Assuntos: | |
| Acesso em linha: | Texto Completo em Formato PDF |
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MAGKS - Joint Discussion Paper Series in Economics