Inflation Targeting as a Means of Achieving Disinflation
In this paper, we take an analytical approach to examine possible adverse effects of the use of inflation targeting as a disinflation regime. The idea is that a strict interpretation of an inflation target may preserve inflationary distortions after price stability is attained. We show that such a p...
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| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/4907 |