| Tekijä: | Svensson, L.E.O. |
| Otsikko: | Inflation targeting: Should it be modeled as an instrument rule or a targeting rule? |
| Lehti: | European Economic Review
2002 : APR, VOL. 46:4-5, p. 771-780 |
| Asiasana: | Monetary policy |
| Vapaa asiasana: | Inflation targeting |
| Kieli: | eng |
| Tiivistelmä: | 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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