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A Monetary Target Model: The Case of Taiwan

✍ Scribed by Jen-Chi Cheng; Cliff J. Huang


Book ID
108554943
Publisher
John Wiley and Sons
Year
1998
Tongue
English
Weight
200 KB
Volume
3
Category
Article
ISSN
1361-374X

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## Abstract In this comment, we answer the question posed in Svensson's (2000) paper `Does the P\* Model Provide any Rationale for Monetary Targeting?' - in contrast to him - in the affirmative. We argue that a strategy of monetary targeting can be rationalized within the P\* framework. Furthermor