The Effect of Discounting on Policy Choices in Inflation Targeting Regimes.

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...

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Bibliografiske detaljer
Main Authors:	Henry, S, Satchi, M, Vines, D
Format:	Journal article
Sprog:	English
Udgivet:	2006

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