Optimal monetary policy rules under inflation range targeting
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Date
2002
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Banco Central de Chile
Abstract
Description
Central banks resort to a variety of alternative arrangements in formulating, conducting, and communicating monetary policy. One increasingly popular type of arrangement is based on a target range for inflation. In this setup the conduct of monetary policy is oriented to keeping inflation withing preannounced boundaries.
Keywords
POLÍTICA MONETARIA, INFLACIÓN, BANCOS CENTRALES