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...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2001/007 |
| Accesso online: | Full text available on IMF |