The Effect of Discounting on Policy Choices in Inflation Targeting Regimes.
This article assesses the implications of discounting on a result derived by Bean (1998): that in a model of monetary policy where policy acts with a lag, the outcomes of monetary policy are very similar for a wide range of preferences of the monetary authority with respect to inflation and output s...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2006
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