Lecarpentier-Moyal, Sylvie; Payelle, Nathalie - In: L'Actualité Economique 77 (2001) 4, pp. 531-568
Compared to other strategies of monetary policy, implementing a rule for direct targeting inflation presents many advantages in theory, essentially in terms of credibility. But many operational problems related to such rules lead to question about the choice of inflation forecasts. We realized...