Showing 1 - 7 of 7
Using a small empirical model of inflation, output, and money estimated on U.S. data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is...
Persistent link: https://www.econbiz.de/10012778841
Persistent link: https://www.econbiz.de/10003833199
Persistent link: https://www.econbiz.de/10003834700
Persistent link: https://www.econbiz.de/10003834701
Persistent link: https://www.econbiz.de/10003448466
The purpose of the paper is to survey and discuss inflation targeting in the context of monetary policy rules. The paper provides a general conceptual discussion of monetary policy rules, attempts to clarify the essential characteristics of inflation targeting, compares inflation targeting to...
Persistent link: https://www.econbiz.de/10009768278
We develop a model of information exchange through communication and investigate its implications for information … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …, also only if) in the induced communication network most agents are a short distance away from "information hubs", which …
Persistent link: https://www.econbiz.de/10013137601