Ball, Laurence M. (contributor); … - 2003 - [Elektronische Ressource]
, which is implicit in
the inflation targeting regimes currently used in many central banks, is not desirable in this
model … fits the facts about monetary policy.
In particular, we draw on recent behavioral models of the output-inflation trade … with
the conventional wisdom about the effects of monetary policy and with standard empirical
analyses of inflation (e …