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Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes

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NBER1999-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w7426
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Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central banker
提供机构:
美国国家经济研究局
创建时间:
1999-12-01
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