Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility /

Stochastic simulations are employed to compare performance of monetary policy rules in linear and nonlinear variants of a small macro model with NAIRU uncertainity under different assumptions about the way inflation expectations are formed. Cases in which policy credibility is ignored or treated as...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Isard, Peter
Awduron Eraill: Eliasson, Ann-Charlotte, Laxton, Douglas
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2001.
Cyfres:IMF Working Papers; Working Paper ; No. 2001/007
Mynediad Ar-lein:Full text available on IMF