Inflation targeting in a small open economy: Empirical results for Switzerland
โ Scribed by Michael Dueker; Andreas M. Fischer
- Book ID
- 113312110
- Publisher
- Elsevier Science
- Year
- 1996
- Tongue
- English
- Weight
- 681 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0304-3932
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## 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
## Abstract Empirical monetary policy research has increased in the last decade, possibly because deregulation and explicit monetary targets have made monetary policy issues more interesting. In particular, within the inflation targeting framework it has been argued that inflation forecasts can be