Optimal Monetary Policy Under Bounded Rationality /
The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents' inflation expectations, price level targeting emerges as the optimal policy under myopia regard...
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | |
| التنسيق: | دورية |
| اللغة: | English |
| منشور في: |
Washington, D.C. :
International Monetary Fund,
2019.
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| سلاسل: | IMF Working Papers; Working Paper ;
No. 2019/166 |
| الوصول للمادة أونلاين: | Full text available on IMF |