Damjanovic, Vladislav; Nolan, Charles - Centre for Dynamic Macroeconomic Analysis, University … - 2005
., 1973, Some International Evidence on Output-Inflation Trade-
offs, The American Economic Review 63, 326-334.
[5] Karlin S …
Sugata Ghosh (Cardiff) and
Charles Nolan (St Andrews)
CDMA05/03 Inflation Targeting, Committee
Decision Making and … and real
aggregate demand Y,
L(x
i
,Y) ≡ γ(p
i
−P
∗
)
2
= γ(p
i
−P −αY )
2
= γ(x
i
−αY)
2
,
1
(Caplin and Leahy 1991)
2 …