Bhattacharjee, Arnab (contributor); Holly, Sean (contributor) - 2005
), University of St.
Andrews and European University Institute. The usual disclaimer applies.
CDMA05/03
Inflation Targeting … scheme, we estimate the following model of MPC
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inflation targeting:
4r
t
= α + β
π0
.π
t
+ β
π4
.π
t+4|t
+ β
y0
.y
t
+ β … of output uncertainty is negative, but not significant.
19
TABLE 2: Inflation Targeting Model Estimates,
Majority MPC …