Cecchetti, Stephen G.; Genberg, Hans; Wadhwani, Sushil - 2021
We argue that there are sound theoretical reasons for believing that an inflation targeting central bank might improve … macroeconomic performance by reacting to asset price misalignments over and above the deviation of, say, a two-year ahead inflation … emphasize that our proposal is wholly consistent with the remit of most inflation-targeting central banks, as we are …