Inflation-targeting rules: history-dependent or forward-looking?

DOI10.1016/J.ECONLET.2008.02.006zbMATH Open1255.91286OpenAlexW2152503119MaRDI QIDQ1934865FDOQ1934865

Authors: Kai Leitemo 

Publication date: 29 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2008.02.006

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zbMATH Keywords

history dependenceinflation targetingoptimal horizontargeting rules

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Transmission lags and optimal monetary policy
• The non-optimality of proposed monetary policy rules under timeless perspective commitment

Cited In (3)

• Optimal monetary policy in a New Keynesian model with animal spirits and financial markets
• Explicit instrument versus targeting rules in the backward-looking model
• Volatility effects of news shocks in New Keynesian models with optimal monetary policy

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