Cecchetti, Stephen; Wadhwani, Sushil; Genberg, Hans - National Bureau of Economic Research (NBER) - 2002
We argue that there are sound theoretical reasons for believing that an inflation targeting central bank might improve macroeconomic performance by reacting to asset price misalignments over and above the deviation of, say, a two-year ahead inflation forecast from target. In this paper, we first...
