Inflation Targeting Under Imperfect Policy Credibility.

This paper presents a model for Inflation Targeting under imperfect policy credibility. It modifies the conventional model in three ways: an endogenous policy credibility process, by which monetary policy can gain or lose credibility over time; non-linearities in the inflation equation and in the cr...

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书目详细资料
企业作者: International Monetary Fund
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2009.
丛编:IMF Working Papers; Working Paper ; No. 2009/094
在线阅读:Full text available on IMF