| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060482 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠We use an underlying model which makes the macroeconomic relations more explicit. ⺠We simplify the analysis and restore Rogoff's conservative central banker proposition. ⺠Hughes Hallett et al. (2009) challenged this result due to their reduced-form model. ⺠An adverse shock induces above-target average inflation and tighter monetary policy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marcelo Sánchez,