search query: @indexterm inflation policy / total: 17
reference: 3 / 17
| Author: | Söderström, U. |
| Title: | Targeting inflation with a role for money |
| Journal: | Economica
2005 : NOV, VOL. 72:288, p. 577-596 |
| Index terms: | central banks growth inflation inflation policy monetary policy money |
| Language: | eng |
| Abstract: | This article demonstrates how a target for money growth can be beneficial for an inflation-targeting central bank acting under discretion. Because the growth rate of money is closely related to the change in the interest rate and the growth of real output, delegating a money growth target to the central bank makes discretionary policy more inertial, leading to better social outcomes. |
SCIMA