Inflation Targeting and the Unemployment-Inflation Trade-off

Inflation Targeting and the Unemployment-Inflation Trade-off
This paper examines the impact of the introduction of inflation targeting on the unemployment-inflation trade-off in OECD countries. Theoretical models suggest that the credibility-enhancing effects of the adoption of inflation targeting should cause an improvement in the unemployment-inflation trade-off, i.e., that reducing inflation by a given... READ MORE...

Publication date: October 2001
ISBN 9781451858105
$15.00

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