Ball, Laurence M. (contributor); … - 2003 - [Elektronische Ressource]
literature, arguing that most work is based on implausible
models of inflation-output dynamics. It then suggests that this …, which is implicit in
the inflation targeting regimes currently used in many central banks, is not desirable in this
model … classic question. Most of this work has built on “new Keynesian”
models of the output-inflation trade-off derived from forward …