Dai, Meixing; Sidiropoulos, Moïse - Volkswirtschaftliche Fakultät, … - 2005
inflation-targeting regime associated with intermediate monetary growth target. Central banks, using the inflation target as a … policy objectives. We show that, the more flexible the inflation-targeting framework of monetary policy is, the more likely … stability under inflation-targeting regime with low flexibility can generate dynamic instability and will not be able to …