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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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S. 114-130: A note on inflation in Russia …
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to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …
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