Clarida, Richard H.; Gali, Jordi; Gertler, Mark - National Bureau of Economic Research (NBER) - 1997
inflation targeting which may account for the broad success of monetary policy in those countries over this time" period. The … evidence also suggests that these central banks have been forward looking: they" respond to anticipated inflation as opposed to … lagged inflation. As for the E3 emergence of the influenced by German" monetary policy. Further, using the Bundesbank …