Evans, George W. (contributor); … - 2003 - [Elektronische Ressource]
gap. This type of optimal policy is often called
“flexible inflation targeting” in the current literature, see e ….g. (Svensson
1999) and (Svensson 2001). α is the relative weight on the output target
and strict inflation targeting would be the … central role for forecasts of future inflation and output. Empirical ev-
idence on Germany, Japan and the US since 1979 …