Optimal Monetary Policy and Inflation Targeting |
Contents
Optimal Monetary Policy in a TwoCountry World with Inflation Per | 2 |
The Design of Optimal Monetary Policy in a Monetary Union¹ | 69 |
Measuring the Credibility of Inflation Targeting Regimes | 113 |
Copyright | |
2 other sections not shown
Common terms and phrases
aggregate output analysis Australia CALIFORNIA SANTA CRUZ Canada Clarida coefficients Country 1 output credibility effect CRUZ The University demand shock dev wage shock deviation from steady discretion disinflation dynamic simulations Economic Review elasticity of output equation estimated European Central Bank framework Fuhrer gains from precommitment Germany indicating inflation expectations Inflation shock inflation targeting interest rate elasticity lagged Laubach and Posen loss function matrix mimeo monetary policy Monetary Policy Rules n₁ NBER Working Paper nominal interest rate objective function optimal monetary policy optimal policy rule optimal rule output gap parameters Phillips curve private sector Rational Expectations real contract wage real exchange rate real interest rate regime response to symmetric sacrifice ratio measures Short interest rate St+1 standard deviation std dev wage studies Sweden symmetric one std Taylor rule transmission mechanism University Library UNIVERSITY UNIVERSITY OF CALIFORNIA Walsh x₁t Zealand