Optimal Simple Objectives for Monetary Policy when Banks Matter /
We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit, and when the objectives set for monetary policy must be simple enough to be implementable and allow for effective accountability. We show that a flexible inflation targeting approac...
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2020/244 |
| Dostęp online: | Full text available on IMF |