Inflation Target Credibility: Do the Financial Markets Find the Targets Believable?
نویسندگان
چکیده
منابع مشابه
Inflation, Financial Markets, and Capital Formation
This explanation has been articulated in a number of recent papers. See, for example, Azariadis and Smith (forthcoming), Boyd and Smith (forthcoming), and Schreft and Smith (forthcoming and 1994). A consensus among economists seems to be that high rates of inflation cause " problems, " not just for some individuals, but for aggregate economic performance. There is much less agreement about what...
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15 صفحه اولCommentary on "Inflation, Financial Markets, and Capital Formation"
Since my task is to critically evaluate the authors’ model, I will do so by asking, If our objective is to understand the connection between price stability and economic growth, would exploration of the kind of model that Sangmok Choi, Bruce D. Smith, and John H. Boyd present in this article be a high priority? My answer is, probably not. In the comments that follow, I lay out reasons for my re...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2017
ISSN: 0305-9049
DOI: 10.1111/obes.12181