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...
| Korporacja: | |
|---|---|
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2009/094 |
| Dostęp online: | Full text available on IMF |