Inflation Targeting and Output Growth : Empirical Evidence for the European Union

Empirical Evidence for the European Union

Inflation Targeting and Output Growth : Empirical Evidence for the European Union
This paper evaluates the performance of two alternative policy rules, a forward-looking rule and a spontaneous adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union data. The simulations suggest that forward-looking rules contribute to macroeconomic stability and monetary... READ MORE...

Publication date: May 2005
ISBN 9781451861082
$15.00

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