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This paper investigates the forward-lookingness of monetary policy related to stabilising inflation over time under … transition path to the full-fledged inflation targeting regime. The analysis is based on an interest rate-based hybrid monetary …-looking monetary policy rule related to inflation stabilisation. The main results show that monetary policy is fully forward …
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securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to …
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securities, they contributed to the four-digit inflation reached in 2006. The remedy for the current situation is clearly to …
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