Product Replacement Bias in Inflation and Its Consequences for Monetary Policy
نویسندگان
چکیده
منابع مشابه
Monetary Policy and Inflation Targeting
In the 1990s, several countries shifted to a new monetary policy regime: an announced quantitative inflation target. The reason for this shift was the unsatisfactory performance under previous regimes. New Zealand, Canada, Australia, and Spain all introduced inflation targets under persistently high inflation; the United Kingdom, Sweden, and Finland did so after having abandoned fixed exchange ...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2012
ISSN: 0022-2879
DOI: 10.1111/j.1538-4616.2011.00487.x