Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061885 | Economics Letters | 2008 | 4 Pages |
Abstract
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kai Leitemo,