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Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets

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NBER1996-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5797
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Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy. The weight on output stabilization determines how quickly
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1996-10-01
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