Add to ORKGWe make a case for the usefulness of an optimal control approach for the central banks’ choice of interest rates in inflation target regimes. We illustrate with data from selected developed and emerging countries with longest experience of inflation targeting.inflation targeting; optimal control theory; Taylor rule; monetary policy
Introduction. Inflation targeting is a tool for ensuring price stability in the economy and therefor...
In an economy with nominal rigidities in both an intermediate good sector and a finished good sector...
The primary aim of monetary policy decisions made by central banks is to keep inflation low and, in ...
We make a case for the usefulness of an optimal control approach for the central banks’ choice of in...
This paper analyses an optimal monetary policy under a non-linear Phillips curve and linear GDP dyna...
Recent research has suggested that in deriving optimal policy under discretion, policymakers should ...
This paper characterizes optimal monetary policy for a range of alternative economic models in terms...
The objective of this paper is to infer the policy preferences of three inflation targeting central ...
This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate i...
From page 15-- 'Here I survey some of the most important conclusions of this literature. I shall beg...
The objective of this paper is to evaluate the efficiency of inflation target regime in developing c...
Central banks like the Bank of England or the Bundesbank have highlighted recently that the supply o...
n this paper we incorporate the term structure of interest rates in a standard inflation forecast ta...
In a simple new keyenesian model of monetary policy under discretion constraining the Central Bank t...
We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, inc...
Introduction. Inflation targeting is a tool for ensuring price stability in the economy and therefor...
In an economy with nominal rigidities in both an intermediate good sector and a finished good sector...
The primary aim of monetary policy decisions made by central banks is to keep inflation low and, in ...
We make a case for the usefulness of an optimal control approach for the central banks’ choice of in...
This paper analyses an optimal monetary policy under a non-linear Phillips curve and linear GDP dyna...
Recent research has suggested that in deriving optimal policy under discretion, policymakers should ...
This paper characterizes optimal monetary policy for a range of alternative economic models in terms...
The objective of this paper is to infer the policy preferences of three inflation targeting central ...
This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate i...
From page 15-- 'Here I survey some of the most important conclusions of this literature. I shall beg...
The objective of this paper is to evaluate the efficiency of inflation target regime in developing c...
Central banks like the Bank of England or the Bundesbank have highlighted recently that the supply o...
n this paper we incorporate the term structure of interest rates in a standard inflation forecast ta...
In a simple new keyenesian model of monetary policy under discretion constraining the Central Bank t...
We examine to what extent variants of inflation-forecast targeting can avoid stabilization bias, inc...
Introduction. Inflation targeting is a tool for ensuring price stability in the economy and therefor...
In an economy with nominal rigidities in both an intermediate good sector and a finished good sector...
The primary aim of monetary policy decisions made by central banks is to keep inflation low and, in ...