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A UK Test of an Inflation-Adjusted Ohlson Model

โœ Scribed by Alan Gregory; Walid Saleh; Jon Tucker


Book ID
110751314
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
245 KB
Volume
32
Category
Article
ISSN
0306-686X

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A model of inflation targeting in an ope
โœ Jay H. Levin ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 186 KB

## Abstract This paper develops a model of inflation targeting in a small open economy under floating exchange rates. The central bank follows a simple Taylor rule to achieve a target inflation rate, and the inflation process itself is determined by an expectations augmented Phillips curve mechanis