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Inflation targeting in an import dependent indebted economy

✍ Scribed by Birkan, Ayşe Özden


Book ID
126975490
Publisher
Taylor and Francis Group
Year
2012
Tongue
English
Weight
174 KB
Volume
26
Category
Article
ISSN
0269-2171

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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