Optimal Price Indices for Targeting Inflation Under Incomplete Markets
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https://www.nber.org/papers/w16290
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资源简介：
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with financial
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美国国家经济研究局创建时间：
2010-08-01
