Bofinger, Peter; Mayer, Eric; Timo Wollmershäuser - In: Journal of Economic Education 37 (2006) 1, pp. 98-117
issues like inflation targeting, monetary policy rules, and central bank credibility. …, and Walsh criticized that it is not well suited for an analysis of inflation targeting. The authors present a framework …, Romer (2000) showed that it is unable to deal with a monetary policy that uses the interest rate as its operating target …