Inflation Targeting and Target Instability by Robert J. Tetlow

Inflation Targeting and Target Instability

Robert J. Tetlow

46 pages missing pub info (editions)

nonfiction politics challenging informative reflective medium-paced
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Monetary policy is modeled as being governed by a known rule, except for a time-varying target rate of inflation. The variable target can be thought of either as standing in for discretionary deviations from the rule or as the outcome of a policym...

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