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Inflation targets, credibility, and persistence in a simple sticky-price framework
Rudd, Jeremy B.; Whelan, Karl - 2003
Persistent link: https://www.econbiz.de/10001869098
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Inflation targets, credibility, and persistence in a simple sticky-price framework
Rudd, Jeremy B. (contributor); Whelan, Karl (contributor) - 2003
Persistent link: https://www.econbiz.de/10001785798
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Inflation Targets, Credibility, and Persistence in a Simple Sticky-Price Framework
Rudd, Jeremy B.; Whelan, Karl - 2003
This paper presents a re-formulated version of a canonical sticky-price model that has been extended to account for variations over time in the central bank's inflation target. We derive a closed-form solution for the model, and analyze its properties under various parameter values. The model is...
Persistent link: https://www.econbiz.de/10014075399
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Elections, heterogeneity of central bankers and inflationary pressure: the case for staggered terms for the president and the central banker
Bugarin, Mauricio Soares; Carvalho, Fabia A. de - 2019
Persistent link: https://www.econbiz.de/10012167443
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Does talk matter after all? : Inflation targeting and central bank behavior
Kuttner, Kenneth N.; Posen, Adam Simon - 1999
flexibility and credibility; similarly, New Zealand's improved inflation performance was achieved without a discernable increase …
Persistent link: https://www.econbiz.de/10009768267
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Credibility and the credit channel transmission of monetary policy theoretical model and econometric analysis for Brazil
Montes, Gabriel Caldas; Machado, Caroline Cabral - In: Journal of economic studies 40 (2013) 4, pp. 469-492
Persistent link: https://www.econbiz.de/10010208495
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The inflation game : targets, practices and the social production of monetary credibility
Best, Jacqueline - In: New political economy 24 (2019) 5, pp. 623-640
Persistent link: https://www.econbiz.de/10012209346
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Alternative monetary-policy instruments and limited credibility : an exploration
Garcia-Cicco, Javier - 2022
Persistent link: https://www.econbiz.de/10013327138
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Time-varying credibility, anchoring and the Fed's inflation target
Diegel, Max - 2022
This paper analyzes the time-varying credibility of the Fed's inflation target in an empirical macro model with … across monetary policy regimes. I find that imperfect credibility is pronounced during the Volcker Disinflation and to a …
Persistent link: https://www.econbiz.de/10013472154
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The effect of monetary and fiscal credibility on public debt : empirical evidence from the Brazilian economy
Mendonça, Helder Ferreira de; Auel, Gabriela Elise - In: Applied economics letters 23 (2016) 10/12, pp. 816-821
Persistent link: https://www.econbiz.de/10011628580