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Persistent link: https://www.econbiz.de/10008732276
The purpose of the paper is to survey and discuss in ation 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 in ation targeting, compares in ation targeting to other...
Persistent link: https://www.econbiz.de/10010128028
This paper studies optimal monetary policy rules in a framework with sticky prices, matching frictions and real wage … (hence the output gap) since the latter also depends on the evolution of unemployment. The matching frictions add a …
Persistent link: https://www.econbiz.de/10013317347
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