The Range of Equilibria, Inflation Targeting and the Non-Inflationary Expansion.

This paper shows how using inflation targeting to set monetary policy can facilitate a non-inflationary expansion, that is a permanent increase in aggregate activity without causing an increase in the rate of inflation.

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Year of publication:	2001
Authors:	McDonald, I.M. ; Sibly, H
Institutions:	School of Economics and Finance, Tasmanian School of Business and Economics
Subject:	INFLATION \| MONETARY POLICY

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Series:	Tasmania - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005631055