Disinflationary booms?
Christian Merkl
Economics Letters, 2013, vol. 121, issue 1, 105-109
Abstract:
This paper shows that announced credible disinflations under inflation targeting lead to a boom in a standard New Keynesian model (i.e. a disinflationary boom). This finding is robust with respect to various parameterizations and disinflationary experiments. Thus, it differs from previous findings about disinflationary booms under monetary targeting.
Keywords: Disinflation; Disinflationary boom; Inflation targeting (search for similar items in EconPapers)
JEL-codes: E30 E31 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:121:y:2013:i:1:p:105-109
DOI: 10.1016/j.econlet.2013.07.017
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