Potential information and target variables for UK monetary policy
نویسندگان
چکیده
منابع مشابه
Information Technology and Monetary Policy
Revised version of a keynote address presented at the Eighth International Conference on “Monetary Policy in a World of Knowledge-Based Growth, Quality Change, and Uncertain Measurement,” sponsored by the Bank of Japan’s Institute for Monetary and Economic Studies, June 18–19, 1998. This paper is to be included in the proceedings of the conference to be published by the Macmillan Press.
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I develop an extension of the standard New Keynesian model to monetary policy regime switching to study the impact of uncertainty around the future inflation target. First, I fully characterize how the responses of current inflation and output to inflation target uncertainty depend on the monetary policy rule. If monetary policy is passive, inflation may increase far beyond the anticipated incr...
متن کاملInflation Target Uncertainty and Monetary Policy
I develop an extension of the standard New Keynesian model to monetary policy regime switching to study the impact of uncertainty around the future inflation target. First, I fully characterize how the responses of current inflation and output to inflation target uncertainty depend on the monetary policy rule. If monetary policy is passive, inflation may increase far beyond the anticipated incr...
متن کاملInflation Target Uncertainty and Monetary Policy
I develop an extension of the standard New Keynesian model to monetary policy regime switching to study the impact of uncertainty around the future inflation target. First, I fully characterize how the responses of current inflation and output to inflation target uncertainty depend on the monetary policy rule. If monetary policy is passive, inflation may increase far beyond the anticipated incr...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 1998
ISSN: 0003-6846,1466-4283
DOI: 10.1080/000368498325723