What Measure of Inflation Should a Developing Country Central Bank Target? /
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained and...
| Հիմնական հեղինակ: | |
|---|---|
| Այլ հեղինակներ: | , |
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Շարք: | IMF Working Papers; Working Paper ;
No. 2015/205 |
| Առցանց հասանելիություն: | Full text available on IMF |