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...
| Glavni avtor: | |
|---|---|
| Drugi avtorji: | |
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 2018/072 |
| Online dostop: | Full text available on IMF |