Interest Rate Feedback Rules in an Open Economy with Forward Looking Inflation.
With the adoption of an explicit inflation target in the UK, there has been renewed interest in the properties of alternative interest rate feedback rules. Following Svensson (1999), a literature examining the relative merits of inflation and price level targeting has also developed. In this paper,...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2001
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