Average inflation targeting and interest-rate smoothing

DOI10.1016/J.ECONLET.2020.109005MaRDI QIDQ2179759zbMATH OpenOpenAlexFDO

Authors Yunjong Eo, Denny Lie

Publication date 13 May 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL http://econ-wpseries.com/2019/201915.pdf

zbMATH Keywords

history-dependent policyinterest-rate rulemonetary policy inertianew Keynesian modelRamsey policywelfare analysis

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Average inflation targeting and interest-rate smoothing
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Optimal Interest-Rate Smoothing

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• Performance of inflation targeting based on constant interest rate projections

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