The Range of Equilibria, Inflation Targeting and the Non-Inflationary Expansion

Ian McDonald () and Hugh Sibly

Working Papers from Tasmania - Department of Economics

Abstract: This paper shows how using inflation targeting to set monetary policy can facilitate a non-inflationary expansion, that is a permanent increase in aggregate activity without causing an increase in the rate of inflation.

Keywords: INFLATION; MONETARY POLICY (search for similar items in EconPapers)
JEL-codes: E32 E50 E52 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fth:tasman:2001-11

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