Inflation-Target Expectations and Optimal Monetary Policy.
In countries with credible ination targeting, it seems plausible to suggest that instead of forming a rational expectation, some rms ("ination-targeters") might simply expect future ination to always equal its target. This paper analyses the implications of this for optimal monetary policy...
| 主要作者: | |
|---|---|
| 格式: | Working paper |
| 语言: | English |
| 出版: |
Department of Economics (University of Oxford)
2005
|