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Price level targeting and the delegation issue in an open economy

โœ Scribed by Froyen, Richard T.; Guender, Alfred V.


Book ID
122126222
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
336 KB
Volume
122
Category
Article
ISSN
0165-1765

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๐Ÿ“œ SIMILAR VOLUMES


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โœ Jay H. Levin ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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