Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059350 | Economics Letters | 2013 | 5 Pages |
Abstract
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous findings about disinflationary booms under monetary targeting.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Christian Merkl,