Inflation-targeting rules: History-dependent or forward-looking?

被引：7
|
作者：
Leitemo, Kai [1 ]
机构：
[1] Norwegian Sch Management BI, Dept Econ, N-0442 Oslo, Norway
来源：
ECONOMICS LETTERS | 2008年 / 100卷 / 02期
关键词：
inflation targeting; targeting rules; optimal horizon; history dependence;
D O I：
10.1016/j.econlet.2008.02.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This note discusses the inflation-targeting strategy if price setting gives rise to a hybrid Phillips curve. The strategy is inverted relative to private sector pricing behavior: if private sector price setting is backward-looking, policy should be forward-looking, and vice versa. (C) 2008 Elsevier B.V. All rights reserved.
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页码：267 / 270
页数：4
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