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How the P* Model Rationalizes Monetary Targeting: A Comment on Svensson

✍ Scribed by Franz Seitz; Karl-Heinz Tödter


Book ID
108561029
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
72 KB
Volume
2
Category
Article
ISSN
1465-6485

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How the P* Model Rationalizes Monetary T
✍ Franz Seitz; Karl-Heinz Tödter 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 72 KB

## 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