Hybrid inflation and price-level targeting.: An article from: Journal of Money, Credit & Banking
Book Details
Author(s)Nicoletta Batini, Anthony Yates
PublisherOhio State University Press
ISBN / ASINB0008DOM12
ISBN-13978B0008DOM15
MarketplaceIndia 🇮🇳
Description
This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on June 1, 2003. The length of the article is 8137 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the author: In this paper we investigate the properties of monetary regimes that combine price-level and inflation targeting. We look both at an optimal control and at a simple role characterisation of these regimes. We derive numerical results by modelling the economy as a small-scale open-economy RE model calibrated on UK data. We conclude that: (1) the relative merits of price-level and inflation targeting, as well as of mixes of these two, depend on particular modelling and policy assumptions; and (2) these merits do not always change gradually and/or monotonically as we move from one regime to another.
Citation Details
Title: Hybrid inflation and price-level targeting.
Author: Nicoletta Batini
Publication:Journal of Money, Credit & Banking (Refereed)
Date: June 1, 2003
Publisher: Ohio State University Press
Volume: 35 Issue: 3 Page: 283(18)
Distributed by Thomson Gale
From the author: In this paper we investigate the properties of monetary regimes that combine price-level and inflation targeting. We look both at an optimal control and at a simple role characterisation of these regimes. We derive numerical results by modelling the economy as a small-scale open-economy RE model calibrated on UK data. We conclude that: (1) the relative merits of price-level and inflation targeting, as well as of mixes of these two, depend on particular modelling and policy assumptions; and (2) these merits do not always change gradually and/or monotonically as we move from one regime to another.
Citation Details
Title: Hybrid inflation and price-level targeting.
Author: Nicoletta Batini
Publication:Journal of Money, Credit & Banking (Refereed)
Date: June 1, 2003
Publisher: Ohio State University Press
Volume: 35 Issue: 3 Page: 283(18)
Distributed by Thomson Gale
