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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w6512 |
来源ID | Working Paper 6512 |
Policy Rules for Inflation Targeting | |
Glenn D. Rudebusch; Lars E. O. Svensson | |
发表日期 | 1998-04-01 |
出版年 | 1998 |
语种 | 英语 |
摘要 | Policy rules that are consistent with inflation targeting are examined in a small macroeconomic 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 | Macroeconomics ; Monetary Policy |
URL | https://www.nber.org/papers/w6512 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564030 |
推荐引用方式 GB/T 7714 | Glenn D. Rudebusch,Lars E. O. Svensson. Policy Rules for Inflation Targeting. 1998. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w6512.pdf(2131KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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