Stabilisation policy, rational expectations and price-level versus inflation targeting: a survey
We survey literature comparing inflation targeting (IT) and price-level targeting (PT) as macroeconomic stabilisation policies. Our focus is on New Keynesian models and areas that have seen significant developments since Ambler's (2009) survey: optimal monetary policy; the zero lower bound; fin...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
2016-03-06.
|
| Subjects: | |
| Online Access: | Get fulltext Get fulltext Get fulltext |