Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3924 |
DP3924 Families as Shocks | |
Luis Cubeddu | |
发表日期 | 2003-06-23 |
出版年 | 2003 |
语种 | 英语 |
摘要 | One approach to achieving price stability is to undertake a deliberate path to an ultimate goal of low inflation - deliberate disinflation. In contrast an opportunistic strategy for disinflation has gained credence in recent years. We compare the ability of the two approaches to achieve macroeconomic stability and conclude that the opportunistic approach is sub-optimal when a commitment mechanism is in place. We show that an opportunistic inflation response is, however, optimal when there is a non-linearity of the Phillips curve trade-off along with adaptive expectations- circumstances that appear unlikely in conditions of low inflation. |
主题 | International Macroeconomics |
关键词 | Deliberate disinflation Opportunistic disinflation Loss function |
URL | https://cepr.org/publications/dp3924 |
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/532909 |
推荐引用方式 GB/T 7714 | Luis Cubeddu. DP3924 Families as Shocks. 2003. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Luis Cubeddu]的文章 |
百度学术 |
百度学术中相似的文章 |
[Luis Cubeddu]的文章 |
必应学术 |
必应学术中相似的文章 |
[Luis Cubeddu]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。