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Inflation targeting in a learning economy: An ABM perspective

✍ Scribed by Salle, Isabelle; Yıldızoğlu, Murat; Sénégas, Marc-Alexandre

Book ID
121775799
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
371 KB
Volume
34
Category
Article
ISSN
0264-9993

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✍ Jay H. Levin 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 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