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On Quality Bias and Inflation Targets

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NBER2009-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15505
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资源简介:
A policy issue central banks are confronted with is whether inflation targets should be adjusted to account for the systematic upward bias in measured inflation due to quality improvements in consumption goods. We show that in the context of a Ramsey equilibrium the answer to this question depends
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2009-11-01
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