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Global analysis and controls of an irregular economy model

✍ Scribed by Marcello Galeotti; Franco Gori


Publisher
Elsevier Science
Year
1986
Tongue
English
Weight
223 KB
Volume
10
Category
Article
ISSN
0165-1889

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A model of inflation targeting in an ope
✍ Jay H. Levin πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 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