๐”– Bobbio Scriptorium
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INFLATION TARGETERS IN PRACTICE: A LUCKY LOT?

โœ Scribed by Francisco De A. Nadal-De Simone


Book ID
111743457
Publisher
Oxford University Press
Year
2001
Tongue
English
Weight
182 KB
Volume
19
Category
Article
ISSN
1074-3529

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## 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