𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Inflation Persistence, Monetary Policy, and the Great Moderation

✍ Scribed by CHARLES T. CARLSTROM; TIMOTHY S. FUERST; MATTHIAS PAUSTIAN

Book ID
109146990
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
194 KB
Volume
41
Category
Article
ISSN
0022-2879

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## Abstract We examine how inflation and the costs associated with disinflation episodes are related to monetary policy transparency. We develop a simple model that demonstrates how transparency may result in lower inflation. Our empirical results show that in general, transparency may be associate