𝔖 Bobbio Scriptorium
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Inflation and Growth in an Open Economy

✍ Scribed by Tapio Palokangas


Book ID
108559024
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
182 KB
Volume
64
Category
Article
ISSN
0013-0427

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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