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...
Sparad:
I publikationen: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2012) |
---|---|
Huvudupphovsmän: | , |
Materialtyp: | Arbeit |
Språk: | engelska |
Publicerad: |
Philipps-Universität Marburg
2012
|
Ämnen: | |
Länkar: | PDF-fulltext |
Taggar: |
Lägg till en tagg
Inga taggar, Lägg till första taggen!
|
MAGKS - Joint Discussion Paper Series in Economics