Clinton, Kevin; Dagher, Jihad; Kamenik, Ondra; Laxton, … - International Monetary Fund (IMF) - 2010
A model in which monetary policy pursues full-fledged inflation targeting adapts well to Ghana. Model features include: endogenous policy credibility; non-linearities in the inflation process; and a policy loss function that aims to minimize the variability of output and the interest rate, as...
