Speed Limit Policies: The Output Gap and Optimal Monetary Policy
نویسندگان
چکیده
منابع مشابه
Speed Limit Policies: The Output Gap and Optimal Monetary Policy
Recent work on the design of monetary policy reflects a general consensus on the appropriate objectives of monetary policy. As articulated by Svensson, “....there is considerable agreement among academics and central bankers that the appropriate loss function both involves stabilizing inflation around an inflation target and stabilizing the real economy, represented by the output gap” (Lars E. ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2003
ISSN: 0002-8282
DOI: 10.1257/000282803321455278