Bullard, James Brian (contributor); Singh, Aarti (contributor) - 2007 - Rev.
policy rule studied by Bullard and Mitra (2006), the central bank
targets domestic inflation, which would correspond to … model, would be producer price inflation. We have, more realistically,
included consumer price inflation in the monetary … may
be large.
Keywords: Indeterminacy, sunspot equilibrium, Taylor principle,
great inflation.
JEL codes: E52, F41, F42 …