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solution is evolving in the use of inflation targets"--Federal Reserve Bank of St. Louis web site …
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and a central bank that uses an interest rate rule to target inflation and/or the price level. We present analytical … results showing that, although inflation targeting often results in real indeterminacy, a price level target generally …
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FOMC projections are important because they provide information for evaluating current monetary policy intentions and because they indicate what FOMC members think will be the likely consequence of their policies. Results here show that the Blue Chip consensus forecasts are a good proxy for the...
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