Inflation targeting: Should it be modeled as an instrument rule or a targeting rule?

被引：66
|
作者：
Svensson, LEO
机构：
[1] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
[2] CPER, London, England
[3] NBER, Cambridge, MA 02138 USA
来源：
EUROPEAN ECONOMIC REVIEW | 2002年 / 46卷 / 4-5期
关键词：
inflation targeting; monetary policy rules;
D O I：
10.1016/S0014-2921(01)00212-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper discusses how current inflation targeting should be modeled, and argues that it is better represented as a commitment to a targeting rule (a rule specifying operational objectives for monetary policy or a condition for the target variables), than as a commitment to a simple instrument rule (like a Taylor rule). (C) 2002 Elsevier Science B.V. All rights reserved.
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页码：771 / 780
页数：10
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