Inflation targeting and optimal control theory

Thiago Veloso, Roberto Meurer and Sergio Da Silva

MPRA Paper from University Library of Munich, Germany

Abstract: We make a case for the usefulness of an optimal control approach for the central banks’ choice of interest rates in inflation target regimes. We illustrate with data from selected developed and emerging countries with longest experience of inflation targeting.

Keywords: inflation targeting; optimal control theory; Taylor rule; monetary policy (search for similar items in EconPapers)
JEL-codes: C61 E52 (search for similar items in EconPapers)
Date: 2007-07-04
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:3834

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