How the P* Model Rationalizes Monetary T
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Franz Seitz; Karl-Heinz Tödter
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Article
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2001
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John Wiley and Sons
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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