Kostyshyna, Olena; Petersen, Luba; Yang, Jing - National Bureau of Economic Research - 2022
targeting, dual mandate, average inflation targeting under 4- and 10-period horizons, price level targeting, and nominal GDP …We provide a comprehensive assessment of leading monetary policy frameworks away from and at the ELB. Inflation … targeting. More history dependence worsens macroeconomic stability. Inflation expectations are managed better when mandates are …