| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1985 |
| DP1985 To Reveal or Not to Reveal - The Case of Research Joint Ventures with Two-Sided Incomplete Information | |
| Stephanie Rosenkranz | |
| 发表日期 | 1998-10-31 |
| 出版年 | 1998 |
| 语种 | 英语 |
| 摘要 | Policy rules that are consistent with inflation targeting are examined in a small macroeconometric model of the US economy. We compare the properties and outcomes of explicit 'instrument rules' as well as 'targeting rules'. The latter, which imply implicit instrument rules, may be closer to actual operating procedures of inflation-targeting central banks. We find that inflation forecasts are central for good policy rules under inflation targeting. Some simple instrument and targeting rules do remarkably well relative to the optimal rule; others, including some that are often used as representing inflation targeting, do less well. |
| 主题 | International Macroeconomics |
| 关键词 | Instrument rules Target rules |
| URL | https://cepr.org/publications/dp1985 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531116 |
| 推荐引用方式 GB/T 7714 | Stephanie Rosenkranz. DP1985 To Reveal or Not to Reveal - The Case of Research Joint Ventures with Two-Sided Incomplete Information. 1998. |
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