Disinflationary booms?

By Christian Merkl

This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous findings about disinflationary booms under monetary targeting.

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Year of publication:	2013
Authors:	Merkl, Christian
Publisher:	Kiel : Kiel Inst. for the World Economy
Subject:	Disinflation \| Disinflationary Boom \| Inflation Targeting \| Theorie \| Theory \| Inflationsbekämpfung \| Anti-inflation policy \| Inflationssteuerung \| Inflation targeting \| Geldpolitik \| Monetary policy \| Deflation \| Neoklassische Synthese \| Neoclassical synthesis

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Extent:	Online-Ressource (9 S.) graph. Darst.
Series:	Kiel working paper. - Kiel : [Verlag nicht ermittelbar], ISSN 1862-1155, ZDB-ID 2107612-1. - Vol. 1851
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/76715 [Handle]
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

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