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"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and … 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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"A pair of simple modifications to the Kalman filter recursions makes possible the filtering of models in which one or more state variables is truncated normal. Such recursions are broadly applicable to macroeconometric models that have one or more probit-type equation, such as vector...
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