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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Библиографические подробности
Главный автор: Jadresic, Esteban
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 1999.
Серии:IMF Working Papers; Working Paper ; No. 1999/061
Online-ссылка:Full text available on IMF

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