Average Inflation Targeting: Time Inconsistency and Ambiguous Communication
收藏NBER2022-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29673
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资源简介：
We study the implications of average inflation targeting (AIT). AIT improves the inflation-output trade-off when the private sector believes the central banks announcement. Ex post, the central bank has the incentive to implement inflation targeting instead to maximize social welfare. Next, we
提供机构：
美国国家经济研究局
创建时间：
2022-01-01
