An Investigation of Output Variance Before and During Inflation Targeting /
Since Taylor estimated a trade-off between inflation and output variance, it has been widely accepted that efforts to keep the inflation rate 'too low and stable' will likely result in relatively larger output fluctuations. Following the generalized reduction in inflation variance in the 1...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Series: | IMF Working Papers; Working Paper ;
No. 2001/215 |
| Online Access: | Full text available on IMF |