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

DOI10.1016/J.ECONLET.2008.02.006MaRDI QIDQ1934865zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

history dependenceinflation targetingoptimal horizontargeting rules

Mathematics Subject Classification ID

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

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Cites work

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

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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