| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2554 |
| DP2554 Damages and Injunctions in Protecting Proprietary Research Tools | |
| Mark Schankerman; Suzanne Scotchmer | |
| 发表日期 | 2000-09-26 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | Using a small empirical model of inflation, output, and money estimated on US data, we compare the relative performance of monetary targeting and inflation targeting. The results show that monetary targeting would be quite inefficient, with both higher inflation and output variability. This is true even with a nonstochastic money demand formulation. Our results are also robust to using a P* model of inflation. Therefore, in these popular frameworks, there is no support for the prominent role given to money growth in the Eurosystem's monetary policy strategy. |
| 主题 | International Macroeconomics |
| 关键词 | Inflation targeting Monetary targeting Ecb |
| URL | https://cepr.org/publications/dp2554 |
| 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/531626 |
| 推荐引用方式 GB/T 7714 | Mark Schankerman,Suzanne Scotchmer. DP2554 Damages and Injunctions in Protecting Proprietary Research Tools. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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