| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4338 |
| DP4338 Fundamentals and Joint Currency Crises | |
| Casper de Vries; Philipp Hartmann; Stefan Straetmans | |
| 发表日期 | 2004-03-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, incorporate history-dependence, and achieve determinacy of equilibrium, so as to reproduce a socially optimal equilibrium. We also evaluate these variants in terms of the transparency of the connection with the ultimate policy goals and the robustness to model perturbations. A suitably designed inflation-forecast targeting rule can achieve the social optimum and at the same time have a more transparent connection to policy goals and be more robust than competing instrument rules. |
| 主题 | International Macroeconomics |
| 关键词 | Inflation targeting Commitment Discretion |
| URL | https://cepr.org/publications/dp4338 |
| 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/533297 |
| 推荐引用方式 GB/T 7714 | Casper de Vries,Philipp Hartmann,Stefan Straetmans. DP4338 Fundamentals and Joint Currency Crises. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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