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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Isard, Peter
Beste egile batzuk: Eliasson, Ann-Charlotte, Laxton, Douglas
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2001.
Saila:IMF Working Papers; Working Paper ; No. 2001/007
Sarrera elektronikoa:Full text available on IMF