Price Level Targeting vs. Inflation Targeting: A Free Lunch?
收藏NBER1996-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5719
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Price level targeting (without base drift) and inflation targeting (with base drift) are compared under commitment and discretion, with persistence in unemployment. Price level targeting is often said to imply more short-run inflation variability and thereby more employment variability than
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美国国家经济研究局创建时间：
1996-08-01
