Inflation targeting when devaluations are contractionary
In the New Consensus model, when monetary policy is sufficiently sensitive to changes in the rate of inflation, a standard Taylor rule can effectively pin down inflationary expectations and stabilize the economy at practically no output cost. It is often believed that assuming an open or a closed ec...
Guardado en:
| Autor principal: | Libman, Emiliano |
|---|---|
| Formato: | Artículo |
| Lenguaje: | en_US |
| Publicado: |
2019
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| Materias: | |
| Acceso en línea: | http://repositorio.cedes.org/handle/123456789/4495 https://doi.org/10.4337/roke.2018.02.02 |
| Aporte de: |
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