search query: @freeterm Inflation targeting / total: 2
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Author: | Svensson, L.E.O. |
Title: | Inflation targeting: Should it be modeled as an instrument rule or a targeting rule? |
Journal: | European Economic Review
2002 : APR, VOL. 46:4-5, p. 771-780 |
Index terms: | Monetary policy |
Freeterms: | Inflation targeting |
Language: | eng |
Abstract: | This paper discusses how current inflation targeting should be modeled, and argues that it is better represented as commitment to a targeting rule (a rule specifying operational objectives for monetary policy or a condition for the target variables), than as a commitment to a simple instrument rule (like a Taylor rule). |
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