Inflation Targeting : Theory and Policy Implications

Theory and Policy Implications

Inflation Targeting : Theory and Policy Implications
As with many monetary policy frameworks, inflation targeting is subject to the well-known problem of inflation bias. With inflation targeting, however, the bias becomes apparent not as inflation above desired levels, but as a wedge between the announced target and observed inflation. This inconsistency could render the framework neither credible... READ MORE...

Publication date: June 1996
ISBN 9781451848656
$15.00

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