Inflation Targeting Under Potential Output Uncertainty /

To achieve their price stability objectives, many monetary authorities use the gap between current and potential output as an indicator of future price pressures. This policy-setting strategy has been criticized because potential output estimates have a high degree of uncertainty. In this paper, est...

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Autor principal: Gaiduch, Victor
Altres autors: Hunt, Benjamin
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2000.
Col·lecció:IMF Working Papers; Working Paper ; No. 2000/158
Accés en línia:Full text available on IMF