Policy Conflicts and Inflation Targeting : The Role of Credit Markets /
This paper shows that stabilizing volatility in credit growth often conflicts with price stability: unusual credit expansions often occur when inflation is low relative to goals, and credit slumps often appear when inflation is overshooting. We find that central banks with inflation targeting (IT) a...
| Հիմնական հեղինակ: | |
|---|---|
| Այլ հեղինակներ: | |
| Ձևաչափ: | Ամսագիր |
| Լեզու: | English |
| Հրապարակվել է: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Շարք: | IMF Working Papers; Working Paper ;
No. 2018/072 |
| Առցանց հասանելիություն: | Full text available on IMF |