Inflation targeting: What inflation rate to target?
نویسندگان
چکیده
منابع مشابه
What does South Korean inflation targeting target?
This paper characterises South Korean monetary policy in the period of explicit inflation targeting that started in 1999. We calculate Bank of Korea’s parameters in the policy objective function, conditional on an estimated macro-model. We show that this central bank appears to have pursued optimal policy geared towards achieving price stability, while displaying a considerable degree of intere...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2005
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2004.08.008