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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Xehetasun bibliografikoak
Egile nagusia: Jadresic, Esteban
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 1999.
Saila:IMF Working Papers; Working Paper ; No. 1999/061
Sarrera elektronikoa:Full text available on IMF