Inflation targeting under imperfect policy credibility /
This paper presents a model for Inflation Targeting under imperfect policy credibility. It modifies the conventional model in three ways: an endogenous policy credibility process, by which monetary policy can gain or lose credibility over time; non-linearities in the inflation equation and in the cr...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
2009
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| Series: | IMF working paper ;
WP/09/94. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
