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...
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| Tác giả khác: | , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2015/205 |
| Truy cập trực tuyến: | Full text available on IMF |