Svensson, Lars E.O. - Griswold Center for Economic Policy Studies, Department … - 2002
Classification: E42, E52, E58
Keywords: Flexible inflation targeting, output gap stabilization, the foolproof way
0
1. Introduction … output-gap stabilization.
2.2.2. Credibility and the tradeoff between inflation and the output gap
One important mechanism for … central bank achieve the optimal compromise between inflation stabilization and
output-gap stabilization, while maintaining …