Inflation Targeting and Output Stability /
This paper reexamines the effects of inflation targeting on output stability. It considers an economy with staggered price setting that is exposed to price shocks and where the policymaker cannot observe the current realizations of aggregate output and inflation. The paper shows that, if some price...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1999/061 |
| Онлайн доступ: | Full text available on IMF |