| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965499 | Journal of Macroeconomics | 2012 | 12 Pages |
Abstract
⺠Analysis of price-level targeting in a New Keynesian model with two sectors. ⺠Price-level and inflation targeting at short policy horizons imply high losses. ⺠Inflation targeting is better than price-level targeting at policy-relevant horizons. ⺠Welfare losses of price-level targeting remain high even if horizon is extended.
Related Topics
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Economics and Econometrics
Authors
Christina Gerberding, Rafael Gerke, Felix Hammermann,