A Simple Model of Average Inflation Targeting
收藏NBER2024-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w33160
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资源简介：
This paper derives the optimal monetary-policy rule in a simple model with anchored inflation expectations and an effective lower bound (ELB) on interest rates, assuming a long-run inflation goal of 2%. With fully anchored expectations, the optimal policy is a version of average inflation targeting:
提供机构：
美国国家经济研究局
创建时间：
2024-11-01
