Inflation Targeting and Output Growth : Empirical Evidence for the European Union.
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules contr...
| Erakunde egilea: | |
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| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Saila: | IMF Working Papers; Working Paper ;
No. 2005/089 |
| Sarrera elektronikoa: | Full text available on IMF |