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The Phillips Curve and Optimal Policy in a Structural Signal Extraction Model

✍ Scribed by Jean-Pascal Bénassy

Book ID
112264571
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
120 KB
Volume
4
Category
Article
ISSN
1096-0929

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In the framework of a Keynesian monetary macro model we study implications of kinked Phillips curves and alternative monetary policy rules. As alternative monetary policy rules we consider monetary growth targeting and interest rate targeting (the Taylor rule). Our monetary macro model exhibits: ass