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

Recommendations

• Econometric inflation targeting
• Optimal horizons for inflation targeting
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• Re-evaluating the effectiveness of inflation targeting
• Average inflation targeting and macroeconomic stability
• Nominal Interest Rates as Indicators of Inflation Expectations
• Inflation-targeting, price-path targeting and indeterminacy
• Economic Stability and the Choice of the Target Inflation Index

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)

Cites Work

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

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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