PRICE-LEVEL TARGETING – A VIABLE ALTERNATIVE TO INFLATION TARGETING?
The recent financial crisis that has led some central banks reaching the zero lower bound of their interest rate to use unconventional monetary policy instruments, has brought to the forefront theacademic discussions on the shift from inflation targeting (IT) to price level targeting. This paper pro...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2012-12-01
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| Series: | CES Working Papers |
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| Online Access: | http://cse.uaic.ro/WorkingPapers/articles/CESWP2012_IV4_POP.pdf |