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Life-cycle effects of social security in an open economy: A

✍ Scribed by Peter Zweifel; Patrick Eugster

Book ID
107647090
Publisher
Springer-Verlag
Year
2008
Tongue
German
Weight
201 KB
Volume
97
Category
Article
ISSN
0044-2585

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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