Optimal control theory for inflation targeting
Sergio Da Silva,
Roberto Meurer () and
Thiago Veloso ()
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Roberto Meurer: Department of Economics, Federal University of Santa Catarina
Thiago Veloso: National Agency for Electric Energy
Economics Bulletin, 2008, vol. 3, issue 24, 1-14
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 it with data from selected developed and emerging countries with longest experience of inflation targeting.
JEL-codes: C6 E5 (search for similar items in EconPapers)
Date: 2008-04-20
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