Performance of inflation targeting based on constant interest rate projections

DOI10.1016/J.JEDC.2005.06.006zbMATH Open1198.91146OpenAlexW3121995973MaRDI QIDQ956475FDOQ956475

Authors Seppo Honkapohja, Kaushik Mitra 

Publication date 25 November 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2005.06.006

zbMATH Keywords

indeterminacyinflation targetinginflation inertiainertia in demandinstability under learning

Mathematics Subject Classification ID

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

Recommendations

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• Economic Stability and the Choice of the Target Inflation Index

Cites work

• Expectations and the Stability Problem for Optimal Monetary Policies
• Inflation Persistence
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(2)

• An interest rate peg might be better than you think
• The statistical impact of inflation on interest rates

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