Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes
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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
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美国国家经济研究局创建时间：
1999-12-01
