Optimal Price Indices for Targeting Inflation Under Incomplete Markets /

Optimal Price Indices for Targeting Inflation Under Incomplete Markets /

In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We develop a two-sector two-good new-Keynesian model to study the optimal choice of price index in markets with financial frictions. We find that, in t...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक:	Anand, Rahul
अन्य लेखक:	Prasad, Eswar
स्वरूप:	पत्रिका
भाषा:	English
प्रकाशित:	Washington, D.C. : International Monetary Fund, 2010.
श्रृंखला:	IMF Working Papers; Working Paper ; No. 2010/200
ऑनलाइन पहुंच:	Full text available on IMF

समान संसाधन

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Inflation Targeting Under Asymmetric Preferences /
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Intervention Under Inflation Targeting : When Could It Make Sense? /
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Inflation Targeting Under Potential Output Uncertainty /
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Inflation Targeting and Communication : It Pays Off to Read Inflation Reports /
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Does Inflation Targeting Matter? /
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Is Poland Ready for Inflation Targeting? /
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