Should Central Banks Raise their Inflation Targets? Some Relevant Issues
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Should central banks, because of the zero-lower-bound problem, raise their inflation-rate targets? Several arguments are relevant. (1) In the absence of the ZLB, the optimal steady-state inflation rate, according to standard New Keynesian reasoning, lies between the Friedman-rule value of deflation
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美国国家经济研究局创建时间：
2011-05-01
