Inflation Targeting Under Potential Output Uncertainty

Inflation Targeting Under Potential Output Uncertainty
To achieve their price stability objectives, many monetary authorities use the gap between current and potential output as an indicator of future price pressures. This policy-setting strategy has been criticized because potential output estimates have a high degree of uncertainty. In this paper, estimates of potential output uncertainty in New... READ MORE...

Publication date: October 2000
ISBN 9781451857573
$15.00

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