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This talk emphasizes the connection between inflation targeting and monetary policy rules. Inflation targeting is not … monetary policy rule without a target inflation rate. Hence, there is a symbiotic relationship between inflation targeting and … of inflation. Interest rate rules work best within a band between very high inflation and deflation. Outside that band …
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inflation and output in the United States. The shift occurred in the early 1980s. We then derive an equation that links these …
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inflation and output in the United States. The shift occurred in the early 1980s. We then derive an equation that links these …
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