Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5055825 | Economic Modelling | 2011 | 7 Pages |
Abstract
The current paper seeks to build a theoretical explanation to understand why many central banks failed to reduce inflation variability despite having the desire. The result proves that central bank's preferences are a necessary condition but not sufficient to guarantee lower inflation variability. The structure of the economy and the types of the shocks are significant factors.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Osama D. Sweidan,