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What Measure of Inflation Should a Central Bank Target?

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NBER2002-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9375
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资源简介:
This paper assumes that a central bank commits itself to maintaining an inflation target and then asks what measure of the inflation rate the central bank should use if it wants to maximize economic stability. The paper first formalizes this problem and examines its microeconomic foundations. It
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2002-12-01
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