Price Level Targeting vs Inflation Targeting: A free Lunch?

Lars Svensson

Working Papers from Stockholm - International Economic Studies

Abstract: Price level targeting (without base drift) and inflation targeting (with base drift) are compared under commitment and discretion, with persistence in unemployment.

Keywords: INFLATION; MONETARY SYSTEMS; MONETARY POLICY; CENTRAL BANKS (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996
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Citations: View citations in EconPapers (50)

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Related works:
Working Paper: Price Level Targeting vs. Inflation Targeting: A Free Lunch? (1997)
Working Paper: Price Level Targeting vs. Inflation Targeting: A Free Lunch? (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:stocin:614

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