Rudd, Jeremy B. (contributor); Whelan, Karl (contributor) - 2003
Inflation Targets, Credibility, and Persistence
In a Simple Sticky-Price Framework
Jeremy Rudd
Federal Reserve Board … sticky-price model that has
been extended to account for variations over time in the central bank’s inflation tar-
get. We … explore topics relating to the e ects of
disinflationary monetary policies and inflation persistence. In particular, we employ …